mgoodman1
Returning Member

Deductions & credits

you are exactly right with your synopsis so am confused why 8606 has taxable and non taxable amounts, as the 4900 balance as 12/31/18 is 100% post tax.

However, in 2019, I will have a zero balance in the Trad IRA on 12/31/19, and DURING 2019 will contribute 6000 FOR 2019 and convert it IN 2019. I understand there is no limit on how many conversions you can do in a year. Then in subsequent years repeat contribution/conversion with a zero balance on 12/31 all FOR that year IN that year. Hoping this simplifies and eliminates the taxable and non-taxable part of 8606