Yes, the best practice is for you to amend the 2020 return and remove the 1K contribution. In your amendment, the 8606 should go away however if it doesn't, then go to tax tools>tools>delete a form>delete form 8606.
Since an 8606 was generated n your last year's return, you submitted this as a non-deductible contribution. If this is the case, it should have no impact on your taxes. Here is how to amend your 2020 taxes.
- Log into Turbo Tax
- When you reach the landing page, scroll to the bottom where your tax returns and documents are.
- Select 2020, and click on the option to amend and change return.
- Answer the questions about why you are amending
- Once you begin working in your return, your refund monitor will reset to 0.
- Go to federal>deductions and credits
- Retirement and investments>Traditional and IRA Contributions
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