@crystalPP wrote:
So far, 2020 form 8606 shows:
line 3: 6000
line 14: 3
line 16: 12000
line 17: 5997
line 18: 6003
I did put IRA basis as of Dec 31, 2019 as 6000 (because the money sits in traditional IRA and was not converted), is that correct?
I should have asked for lines 1 & 2 also. $6,000 on line 3 indicates that either line 1 is blank and you did not enter the 2020 non-deductible contribution or line 2 is blank and you did not enter line 14 form the 2019 8606 in the 1099-R interview when it asked for the past years non-deductible contributions.
**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.**
