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Retirement tax questions
Yes there is an 8606 in my return. However, Lines 1 and 2 are blank -in fact all of Part I (Nondeductible contributions) is blank.
Only Part II (2020 Conversions from Traditional to Roth IRA's) is completed. Line 16 shows the $ amount I converted from my Traditional to Roth IRA in 2020. Line 17 shows my basis is $0. And Line 18 shows that all of the converted amount is taxable.
‎April 29, 2021
9:54 AM