@Opus 17, @dmertz
Thanks again for the input,
I just revisited my entries...
and the latest version of the tax report does not show form 5329 anymore.
In the form 8606, now it shows as following:
line 1: 6,000
line 2: 0
line 3: 6000
line 5: 6000
line 13: 6000
line 16: 6169
line 17: 6000
line 18 (taxable amount): 169
Would this be correct?
And as you mentioned that there should be no penalties for excess amount ($169, I am understanding it as this is not excess amount contribution but it is just earning), I do not have to report as excess amount contribution in the future tax returns, and I can keep contribute to the maximum amount of $6000 every year?
