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Roth Conversion- deductible and nondeductible contributions
In April 2019 I converted my traditional IRA which had a balance of ~$20K ($5500 nondeductible, $14.5 deductions contributions). I do not have other traditional IRAs (zero balance). I made the $5500 nondeductible contribution for 2018 tax year and forgot to report it on the 2018 tax return. I know I have to amend my 2018 return to report. I have no previous nondeductible contributions. I assume that once I amend the 2018 tax return, I can report then report the roth conversion which has both deductible and nondeductible on the 2019 return in TT. How do I report this type of roth conversion in TT?
May 31, 2020
7:23 PM