Deductions & credits


@Shishir wrote:

Thank you. I went back and looked at my tax filing and it appears, I missed reporting the 2019 non-deductible  contribution in my 2019 tax return so I have to go and fix that first by amending the tax return. 


Yes.   Unless you report the 2019 non-deductible contribution on a 2019 8606 form you cannot use it to offset the tax on the conversion - it would be forfeited.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**