DanaB27
Employee Tax Expert

Retirement tax questions

Yes, you will still have to amend your 2020 tax return to enter the nondeductible contribution and create the 2020 Form 8606 with the $6,000 basis on line 14.

 

Yes, you have to file a 2021 amended return to make changes. But please wait until your refund or payment is processed. Please be aware that you can e-file your 2021 amended federal tax return, but most states require amendments to be printed and filed by mail.

 

@Jenny011

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