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Get your taxes done using TurboTax
Here is the sequence of events:
1) I contributed X amount of dollars (dont remember the amount) to my tradditional IRA in 1990s. Balance in my traditional IRA as of 2015 was only $250.
2) in 2016, I contributed $3000 to my traditional IRA. Turbotax failed to generate my 8606 for the 2016 filing year. My wife and I were not aware of the back door roth conversion. I invested in bad stocks. Balance of my traditional IRA in 2016 was $2,200
3) in 2020 so far, I contributed $2000 to my traditional IRA. Balance in my traditional IRA was $4,200 and I converted this $2000 to my roth IRA a couple days ago. I chose not to convert the remaining of my tradditional balance because I found out that an 8606 was not filed in 2016. That year Turbo tax failed to generate a 8606 for me.
4) in August of 2020, I went online and seeked for help here on this forum, Thanks to Critters who has advised me to do a stand alone 8606 for the 2016, and that is wheo re I m right now. I am stuck while filling out this form because I do not know what to put on line 2 of the 8606. I do not remember my IRA contributions in 1990s. Does it matter or is it important at all since the money I contributed in the 1990s was lost due to bad stock investment. All I know now is that i have a balance of $2,200 in my tradditional IRA , and I need to send in the 2016 form 8606 and after that i need to convert it to my roth IRA. Thank you for the long history