- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I would state that you are amending your 2022 Form 8606 and you are entering the corrected basis.
It seems that your 2022 Form 8606 shows an incorrect basis since you stated line 14 shows $0
To confirm, did you enter the nondeductible traditional IRA contribution on your 2022 tax return? You don't show an IRA deduction on your 2022 Schedule 1 line 20, correct?
You will have to correct your 2022 Form 8606. If you didn't enter the nondeductible contribution for 2022 or show a deduction on Schedule 1 then you will have to amend your 2022 return. Please see How do I amend my federal tax return for a prior year?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 22, 2024
3:57 AM