I had a conversion of deductible IRA and non deductible IRA to Roth in 2020. My 1099-R shows it. When I uploaded it and answered questions on Turbo Tax, it created a 8606 but in part 1 it does not show any conversion in Line 8. Should it show there?
And for 2019 I contributed to non deductible IRA (later converted to Roth) in Feb 20 (for year 2019) and it shows on Line 1 but not on Line 4. Isn't line 4 about contributions made in the next year but applicable for previous year?
I have the following contributions and activity:
1. 5500 to 'deductible' IRA for 2018, contributed in Apr 2019.
2. 5591 of deductible IRA converted to Roth on 2/24/20
3. 6000 to non deductible IRA for 2019, contributed on 25 Feb 2020
4. 6000 to non deductible IRA for 2020, contributed on 25 Feb 2020
5. 12000 of non deductible IRA converted to Roth on 2/26/20
My 8606 shows the following:
Line 1- 6000
Line 2- 6000
Line 3- 12000
Line 4 - blank
Line 8 - blank - should it not show what i converted to Roth? How do i get it if yes?
Line 14- 0 - is this correct?
Line 16- 17592 - this looks correct
Line 17- 12000- this looks correct
Line 18- 5592 - this looks correct
Thanks,
