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Retirement tax questions
@freedom_1 wrote:
In my case I did not have an 8606 for 2019 and I assume that might be the case for the person asking this last question.
You said you had the same problem which was a non-deductible Traditional IRA contribution made *in* 2020 *for* 2019. That can ONLY be reported on a 2019 8606 form as non-deductible. That might require amending 2019 to report it - without the 8606 you forfeit the ability to apply the non-deductible contribution to the conversion.
**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.**
‎April 15, 2021
1:07 PM