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After you file
Thanks for your reply.
I'm trying to fill form 8606 starting from 2015.
For 2015, line 2 (total basis in traditional IRAs) will be zero (0) since that is my first year of nondeductible contribution,and conversion to Roth IRA. I'm also below 50 years
Then for 2016,line 2 will be $5500,
Then for 2017,line 2 will be $11000,
Then for 2018 line 2 will be $16500,
Then for 2019 line 2 should be $22000.
Am I correct?
If I'm not correct, can you tell me what line 2 should be in each year starting from 2015.
I maxed my contribution in each year,and line 2 seems to be the line I don't understand in form 8606.
Thanks in advance for your reply
‎September 11, 2020
6:37 PM