To confirm you made a 8,000 contribution for 2024 and a $7,500 contribution for 2023, correct? Then your Form 8606 should have $8,000 on line 1 (from entering the $8,000 nondeductible traditional IRA contribution in the IRA contribution section) and $7,500 on line 2 (when you enter the basis from 2023 Form 8606 after you get the “Any Nondeductible Contributions to Your IRA?” screen).
To clarify, you made the $8,000 contribution for 2024 in 2024? And you have a 2024 Form 1099-R for the conversion with $15,500?
@dbhaumik
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