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Deductions & credits
Thank you. Ok starting to become a little clearer. Another factor to make things even more complicated was in 2017 I converted another IRA to Roth which was all pretax dollars (fully taxable at conversion then I subsequently closed that account and opened a non deductible IRA to which I contributed 5550 but did *not* convert until 2018, triggering the pro rata rule for 2017) I should have converted both accounts in 2017 to leave both accounts with zero at 12/31/17
Any hope for unbotching this? I may need to revisit my 2017 and 2018 8606 forms. My goal is every year to have 2 numbers on my 8606, my contribution limit and 0 to capture my backdoor roth conversions...with conversion in the same calendar year
Any hope for unbotching this? I may need to revisit my 2017 and 2018 8606 forms. My goal is every year to have 2 numbers on my 8606, my contribution limit and 0 to capture my backdoor roth conversions...with conversion in the same calendar year
‎June 4, 2019
8:04 PM