DanaB27
Expert Alumni

Retirement tax questions

Your wife also should have a 2023 Form 8606 with a basis of $6,500 on lines 1, 3, and 14. This basis has to be entered in the 2024 return when TurboTax asks “Any Nondeductible Contributions to Your IRA?”.

 

You need to fill out the 2023 Form 8606 for your wife and send it to the IRS.

 

Please review How do I enter a backdoor Roth IRA conversion?

 

 

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