Hello, and happy holidays. A question, please.
In March 2019 I made a nondeductible contribution to a traditional IRA for the 2018 tax year. In March 2020 I realized that I had failed to file form 8606, so I late filed it that very week. I included a letter asking for a penalty waiver since I was taking "immediate corrective action."
This week I received a letter from the IRS asking for “a completed copy of Form 1040X, Amended US Individual Income Tax Return, page 1, column C.”
I hadn’t filed a 2018 1040X because it didn’t seem to me like any amendments were necessary. That is, my failure to timely file 8606 seemed to me to be just a reporting mistake. Please, am I right? And if so, what should my letter I send back to the IRS say?
Thank you most sincerely for your help.
