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Retirement tax questions
Ok. Thank you. I understand that I need to file a form 5329 for contributions made in 2018 and then 2018+2019 in 2019 and each year after until now. I don't need to include the contributions from 2020 in a 2020 5329 because they were recharacherized.
When I do amend 2020, I need to state I made a contribution to a traditional/non-deductible IRA and Turbo Tax will generate the 8606 form to document this. In Turbo Tax is this triggered from an Income item or a Deduction item? I ask because not knowing where this is triggered is what got me into all this in the first place. Thank you for your help!!!
‎January 3, 2024
12:47 PM