DanaB27
Expert Alumni

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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