Yes, My 2020 contribution is reported on my 2020 tax return and yes it is non-deductible on a 2020 8606 form and is on line 14. That was my first year of contribution
What does this mean?
That would transfer to the 2021 8600 line 2 so line 3 would then be the total of 2020 and 2021 ($14,000).
Where will I see this carried forward in TurboTax? I mean currently, it is taxing my $7,000 and my tax refund is reduced to $1,665 from $3,345
