- Any Roth conversion done in 2021 is reportable on your 2021 tax return, not on your 2020 tax return. Nothing about the Roth conversion goes on your 2020 tax return. Only the 2020 traditional IRA contribution goes on your 2020 Form 8606 and the resulting $6,000 on line 14 will carry forward to line 2 of your 2021 Form 8606 to be combined with your $6,000 contribution for 2021 and where the calculation of the taxable amount of your 2021 Roth conversion will be calculated.
- If you convert $12,001.85 in 2021, that's what will go on line 8 of your 2021 Form 8606.
- Your 2020 Tax return must include Form 8606 to report the $6,000 nondeductible contribution that you made for 2020.
- See above.
- No. You've already made your 2020 contribution before the 4/15/2021 deadline.
