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Retirement tax questions
Yes, you will have to file an amended 2019 and amended 2020 return to correct Form 8606 each year. Please see How to amend (change or correct) a return you've already filed.
Yes, you should include an explanation requesting relief from any penalty when you mail your amended returns.
Yes, you will use the corrected basis on your 2021 return.
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‎April 2, 2022
10:39 AM