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Retirement tax questions
Thank you very much!
For the 2020 amendment - do I physically have to send an amended return for the recharacterization and provide an explanation for the amendment?
For the 2021 Form 8606 - I was assuming that Line 14 would have a total basis of $14,000 ($7K for 2020 and $7K for 2021 contributions). I'm not sure if I answered something incorrectly, but line 14 is showing $7,000. Is that correct?
March 12, 2022
5:38 PM