- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Filing 8606 first time for 2020 & 2019
I am filing 1099R for the first, I started contributing to Traditional IRA in 2020, towards contribution limits of 2019 ($6000) and 2020 ($6000) together, before the end of year I backdoor all of it along with gains to Roth IRA. So my "Total Basis as of December 31'2019" should be "$6000" ? And value of Traditional IRA as of "December 31, 2020" should be 0 ?. I did not find any existing questions for this.
Thanks in advance
Topics:
‎February 16, 2021
10:59 AM