I'll try and make this as succinct as possible.
1) I created a traditional IRA in July 2020 (before the filing date) and contributed the max amount (6000) to my 2019 IRA.
2) I then contributed the max amounts (6000) for both 2020 + 2021 in January of 2021 to this traditional IRA.
3) I then converted everything in this trad IRA to a roth (18000) the same month (Jan 2021).
So now I have a 1099-R for 2021 and need to report the conversion on my taxes. I do NOT have an 8606 for 2019 it looks like, but I do for 2020 (6000 basis).
I tried following the instructions here but need some clarifications:
1) I am not getting to step 8 in the 1st part of the instructions. Instead, after I indicate on the page "Any Nondeductible Contributions to Your IRA?" > YES and enter my 2020 basis of $6,000.00, it says "Your Income Is Too High to Contribute" and takes me to a penalty page.
It is not taking me to the page where I can indicate the following: "Choose Not to Deduct IRA Contributions. Select Yes, make part of my IRA contribution nondeductible"
2) Do I need to fill out the 8606 for 2019? I assume yes and have to mail that in. That's fine, just want to clarify.
I've finished importing my 1099-R for the 2nd part of the instructions and indicated the full amount (18000) was converted. I just want to make sure I did the first part right since it wasn't exactly 1:1 for what it indicated (and also want clarification on the 8606 for 2019).
Thanks!
