DanaB27
Expert Alumni

Retirement tax questions

Yes, the instruction for the 2021 TY was only for your reference. If you did that last year, then you don’t need to redo them.

 

Check your 2021 tax return for 2021 Form 8606 if you have a basis on line 14. If yes, then you made the contributions nondeductible. You can also check your Schedule 1 line 20 if you had an IRA deduction. If yes, then you made a deductible contribution and won’t have a basis.

 

@BUND 

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