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filing 8606
Hi,
I need to file form 8606 for 2018 and 2019. I am 55 year old. I converted $6500 from traditional IRA to roth IRA in 2018 and $7000 in 2019. It looks like that I have to pay tax for $500 because there was $500 limit difference between 2018 and 2019. I would like to know if this is true.
Thank you
‎February 13, 2021
10:36 AM