- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
@blueisogrifo - That is correct. If 2016 was the first non-deductible contribution ever made then line 2 would be zero. The 2016 non-deducible contribution would be on line 1. The taxable part (if any) of the Roth conversion would be calculated on lines 6-15 on the 8606. TurboTax will fill out the 8606 for you when you enter the non-deducible contribution in the IRA contribution section and the 1099-R for the distribution/conversion in the 1099-R interview and answer the questions that it was a Roth conversion.
**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
5:54 PM