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Retirement tax questions
So you also made a nondeductible traditional IRA contributions for 2022 and converted those as well.
I believe I mistakenly inferred that the Form 8606 you mentioned in your original question was your 2022 Form 8606. I now understand that you were describing your 2021 Form 8606, which would be correct. As long as $6,000 from line 14 from the 2021 Form 8606 carried forward to line 2 of your 2022 Form 8606 and line 1 of your 2022 Form 8606 shows the $6,000 nondeductible contribution you made for 2022, everything should be correct. As long as you had no other traditional IRAs at the end of 2022, the taxable amount of your Roth conversion should be $672 on line 18 of the 2022 Form 8606.
‎January 24, 2023
3:35 PM