Thank you for your insights. Although I did not save the file yet, attempted from 2024 return with amend option:
1. Federal Taxes > Deductions&credits > Retirement and Investments> Traditional and Roth IRA contributions (current $0): Traditional IRA: $7k
Transferred amount to Roth IRA: 7000.85
Switched or recharacterized: no, Prior years: none
IRA deduction: $0
Now Traditional and Roth IRA contributions show 7000.
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Now I checked and 8606 form generated, however, when I proceeded further, I do not see option to enter $21 interest. 8606 form show Line1 and Line3 entry (total 7000- as nothing from previous years). How to add the small amount of taxable income that is sitting in Trad IRA?
