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Retirement tax questions
I'm assuming you are working on your 2023 return.
1. Yes, if you made nondeductible contributions of $2,500 then line 1 of Form 8606 will be $2,500.
2. No, pre-tax funds would not be included on line 2. You only include nontaxable (after-tax) rollovers from a qualified retirement plan on line 2.
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‎February 5, 2025
4:35 PM