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@Smurphette819 wrote:

Line 1 = $7000

Line 2 = 0

The problem is, I think, that there seems to be no way to explain that the $14,000 is for two years.


Line 2 should be your 2019 non-deductible contribution entered into the 1099-R interview when it asks if you tracked your non-deductible contributions and asks for prior year contributions.    You get that amount from the 2019 8606 form line 1,3 &14 that you should have when  you reported the $7,000 non-deductible 2019 contribution on your 2019 tax return. 

 

If you failed to report it in 2019 then you need to amend 2019 to get and file the 2018 8606 otherwise you forfeit the 2019 $7,000 basis.

 

This is what puts it on line 2---

 

Screen Shot 2021-05-08 at 1.16.56 PM.jpgScreen Shot 2021-05-08 at 1.17.09 PM.jpg

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**