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Retirement tax questions
Thank you. I filled out the 2024- 8606 form to check:
Line1: $7000.00 (My initial contribution to Trad IRA)
Line2: $0.00 (no previous year contributions, 2024 was the first year)
Line3- $7,000: Conversion 'Yes'
Line4- $0.00
Line5: $7000.00
Line6 & 7: $0.00
Line 8: $7000.85 (From 1099-R)
Line9: $7000.85
Line10: 1.000
Line11: $7000.85
Line12- $0.00
Line13: $7000.85
Line14: -0.85
Line 15 a-c: $0.00
-------
Lines:16 - 17: $7000.85
Line 18: $0.00
Does this look correct and still need 1040-X? Where to report about $21 interest sitting in Traditional IRA.
Document to be signed by spouse?
Happy to contact 1-1 if you prefer.
‎January 10, 2026
7:47 AM