I had a typo in my last post. the total of the 8606 line 2 + 3 should be $12,000 to offset the $12,000 distribution.
Line 1 comes form the 2020 non-deductible contribution and line 2 comes form the basis as of Dec 31, 2019 1099-R question.
**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.**
