Hello DanaB,
Thanks again for your help!
I have completed 8606 for 2019 & 2020 (as part of 2020 Taxes) and just to make sure I got it right. I would appreciate it if you can check and confirm:
For 2019:
IRA Bal as on 12/31/2019 = $ 0.01
Deposited in IRA on 1/27/2020 = 7K
Roth Conversion on 3/2/2020 = 7K
my 2019 amended return now has generate form 8606 and here are the details:
Line 1 = 7K
Line 2 = 0.00
Line 3 = 7K
Line 14 = 7K
All other lines are Zero or blank.
For 2020:
IRA Bal as on 12/31/2020 = $ 0.40
Deposited in IRA on 1/4/2021 = 7K
Roth Conversion on 2/4/2021 = 7K
my 2020 tax return now has generate form 8606 and here are the details:
Line 1 = 7K
Line 2 = 7K
Line 3 = 14K
Line 4 = 7K
Line 5 = 7K
Line 13 = 7K (with Asterisk)
Line 14 = 7K
Line 15a, b, c = 0.00 (15c with Asterisk)
Line 16 = 7K
Line 17 = 7K
Line 18 = 0.00 (with Asterisk)
Could you please check and let me know, I have done it correctly?
Or if it is ok, I can post the completed form (without my personal Information) and you can help by checking?
Please let me know.
