Hello,
I accidentally reported a $1000 non deductible contribution to an IRA using form 8606 whereas the correct amount is $3000. How can I correct it? Since it is a nondeductible contribution it did not impact the AGI and the tax refund. Should I file a 1040X form and add the corrected 8606 form? Or should I just send form 8606 without form 1040X?
If I need to file form 1040X should I also file line 1 to 15 (none of the amounts changed anyway)? My turbotax auto generated 1040X only filed line 16 ($0), 18 and 19.
Thank you for your help!
