@DanaB27
Hi Dana, thanks for you response. I was strictly talking about contribution in 2021 for 2021 tax year.
Here are the details:
1. made $6ooo non deductible IRA contribution in 2021 for 2021.
2. converted the non deductible IRA to Roth IRA in 2021. At this point the balance of IRA account is Zero.
My understanding is that for the above steps, only part 1 of 8606 needs to be filled. However, my 8606 is populated not only for part 1 but also for part 2 (for line 16 and line 17. Line 18 is zero negating 16 and 17).
Please let me know if 2021 8606 is populated correctly for my scenario.
Thanks
