Thanks much for the quick reply, Critter-3.
btw, since I filed the 1040 in March, made the TIRA in April & am now filing the 8606, how do I know if the $50 penalty applies? the amendment statement says you have up to 3 years (https://ttlc.intuit.com/community/after-you-file/discussion/amend-8606-filing-instructions/00/195232...) but this is not an amendment. How does one know ?
