@freedom_1 wrote:
@macuser_22
Yes you are right and I do have form 8606 for 2019.
But my 1099-R issued to me in 2021 for the year 2020 has the cumulative sum of 12,000
You are also right that one would have to amend the tax return to show form 8606
Then just what problem are you having?
The 2020 non deductible contribution entered into the 2020 IRA contribution interview should produce a similar 2020 8606 with the 2020 $6,000 on line 1 and the 2019 $6,000 contribution entered in the 1099-R interview would put the 2020 $6,000 on the 8606 line 2 for total of $12,000 on line 3 to offset the tax of the $12,000 conversion (assuming a year end Traditional IRA value of zero).
**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.**
