veyron
Returning Member

How to do 8606 amendment for non deductible IRA in prior years?

All - This is for tax years 2020 and 2021

 

Question 1:

In 2020, I contributed after tax money into my Rollover IRA (non deductible) for both me and my wife, but turbo tax didn't submit a 8606. I see the amount in Schedule 1 Line 19 and 1040 10a.

 

Do I need to amend 8606 for this? How do I do it?

 

Question 2:

In 2021, I contributed after tax money into my Rollover IRA (non deductible) for both me and my wife, but I only see the for 8606 generated for one (not sure who's). I see the same represented in Schedule1 Line 20 and 1040 Line 10. I validated that I contributed to both accounts. How do I amend 8606 for this?

 

Any help is really appreciated. I am planning to set this correctly so I can do backdoor Roth IRA.

 

Thank You

Veyron