Thank you very much @DanaB27, SUPER HELPFUL, as always! Just to clarify though, I did not “miss” filing the form on time. I just made an error to Line 2 of the Form 8606 when I filed it last year “on time”.
1- Does that change any of your answers?
2- Does the penalty / request to wave the penalty also apply in a case like mine where I just need to “update” an inaccurate amount?
Thanks!
