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Get your taxes done using TurboTax
Thanks DanaB27.
To your question:
"To clarify, you entered the $5,500 contribution as a nondeductible traditional IRA contribution on your 2018 tax return and $6,000 as a nondeductible traditional IRA contribution on your 2019 tax return, correct?"
I entered 5500 as 'deductible' for 2018 and that's why there was no 8606 in 2018. And 6000 as non deductible in 2019 for which I have a 8606.
I also have a page with explanation for recharacterization created for 2020 based on Turbo tax interview. But it shows 6000 on line 1. I did answer yes to Did you change your mind.
With the above information, which part on my 2020 8606 is incorrect, if at all?
I converted the 2018 deductible and 2019 non deductible contribution to Roth in Mar 2020.
And should my 8606 show the conversion to Roth on 8606 on line 8?