@yfegade wrote:
Where does IRS provides guidelines as to when to use the worksheet to do calculations and when to use form 8606 to make calculations?
In pub 590B that you posted the link to.
The 590B worksheet 1-1 treats non-deductible contribution make in 2020 *for* 2019 as if they had been made in 2019. I will note that seems to contradict the 8606 instructions, but it is the IRS worksheet, and has been like that for years.
User @dmertz have you ever found a reason why the IRS 590B worksheet 1-1 seems to do the opposite of the 8606 line 4 statement that says:
Although the contributions to traditional IRAs for 2019 that you made from January 1, 2020, through April 15, 2020, can be treated as nondeductible, they aren’t included in figuring the nontaxable part of any distributions you received in 2019.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
