Retirement tax questions

2018 looks correct assuming that you had a 2018 $5,500 contribution and also a $5,500 contribution from a prior year that carried to line 2.

 

2019 is not complete but does not see correct since line 13 says $5,502 is not taxable for the 2019 distribution and line 15c says the taxable amount is zero but line 14 says that there is still $11,498  of basis in the IRA.  

 

1) Line 4 indicates that you made a 2019 contribution in 2020 so that is exclude from any 2019 distribution that occurred before that contribution was made.     That means that the 2019 year end value could not have been zero.

 

Some of the calculations are missing because lines 6-12 are done on the "Taxable IRA Distribution Worksheet" and not on the 8606. 

 

Does not add up!!!   Did you enter the 2019 year end value that should be on the "Taxable IRA Distribution Worksheet" line 4?

**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.**