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Retirement tax questions
You said you "reported" it as non-deductible - if so, that would automatically create a 8606.
The Roth contribution should be entered in the IRA contributions section and say that you switched to a Traditions IRA. If it is non-deductible then a 8606 will be created.
If a 8606 is not part of your tax return then it was not reported as a non-deductible contribution. If it was deducted instead, it would be on the 1040 schedule 1 line 32.
The Roth contribution should be entered in the IRA contributions section and say that you switched to a Traditions IRA. If it is non-deductible then a 8606 will be created.
If a 8606 is not part of your tax return then it was not reported as a non-deductible contribution. If it was deducted instead, it would be on the 1040 schedule 1 line 32.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 3, 2019
10:17 AM