I am preparing my tax return for 2020 and failed several times in Form 8606 even following all the guidance I found on Turbo tax. Here is the link I used https://ttlc.intuit.com/community/entering-importing/help/how-do-i-enter-a-backdoor-roth-ira-convers...
My situation is quiet simple. 2020 is the first time I did backdoor IRA. I created my Traditional IRA account, put in $6000 and converted all of the money to my Roth IRA. All the actions finished before Dec. 31st 2020. However I got a correct 1040 and a wrong 8606.
On my form 8606, box 8 ( the net amount you converted from traditional IRA to Roth IRA in 2020) is Zero, which is supposed to be $6000. This mistake does not affect Turbo tax generating correct calculation on my1040. But the Form 8606, Part I is totally wrong.
Does anyone have the same problem?
