DanaB27
Expert Alumni

Retirement tax questions

If your value of all your traditional, SEP, and SIMPLE IRAs is $0 on December 31, 2021, and had no earnings then line 4b of Form 1040 should be $0. 

 

On Form 8606 you have on line 1 $6,000, line 2 $6,000, and line 5 $12,000, correct?

 

@VincentSun

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