Hello.
I made a nondeductible $6000 contribution to a Traditional IRA for the first time and invested it, but then did a Roth conversion (I realize now I should have converted before investing).
At the time of conversion I had investment losses so the full conversion was only $5979. Now when I fill out Form 8606 of my tax return, I am left with $21 on line 14 ($6000-5979) even though there is really $0 remaining in the traditional IRA.
Am I stuck tracking this $21 basis forever or is there some way to cancel this out by noting the losses?
Thank you.
