Retirement tax questions

Did you report the 2019 contribution as non-deductible on yiur 2019 tax return with an attached 8606 form with the $6,000 on line 1?     

 

If not, then yiu need to amend and enter the contribution in the IRA contribution  interview and if you are eligible for a deduction the interview will ask if you want to make some or all  non-deductible.  Make it all non-deductible.     That will produce the 2019 8606 with the $6,000 on line 1,3 and 14.

 

Enter the 2020 nondeductible contribution the same way.

 

Use that 2019 8606 line 14 when you enter the 2020 1099-R and are asked for your prior years non-deductible contributions.

 

 

Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.

OR  Use the "Tools" menu  (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.

**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.**