Thanks DanaB27.
I entered the non deductible contribution to the traditional IRA as you suggested and also entered the remaining basis of 4093 as per step 10 that you suggested.
However, my 8606 did not generate any new taxable amount. I was expecting that I would have to pay tax on the full amount of 5590 (deductible IRA contribution for 2018 plus income) that I converted to Roth in 2020. Or atleast add something to the taxable amount like it did last year where it added 3683 on a proportionate basis.
How do i make sure that I pay tax on the remaining amount that I converted? Any calculation sheet to look at?
My current 8606 says that my basis as of 2020 is 10094- Row 14 (6000 from 2021 non deductible contribution and 4093 from last year).
For the 1099-R distribution/conversion, i have some questions on the steps:
Which 1099-R number do i have to fill? 2021 or 2020?
2021 1099-R traditional IRA statement has a total of 13481 as distribution and taxable. This has 7481 of the amount that i reconverted to Roth on 03/04/2021.
Should this be taxable?
Thanks,
