DanaB27
Expert Alumni

After you file

Yes, you will have to file the corrected 2021 Form 8606 with an explanation. Ignore the penalty and waiver part.

 

To confirm, the basis on line 2 on the 2021 Form 8606 (which should have been carried over from line 14 of your 2020 Form 8606/ last filed Form 8606) was still in the traditional IRA account by the end of 2021, correct?

 

@Polaris23 

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