I ended up contributing to a Roth IRA
in 2016, however earned over the income limit. I recharacterized my 2016 Roth
IRA contributions to a Non Deductible Traditional IRA for 2016, and then
converted the 2016 Non Deductible Traditional IRA contributions to a Roth IRA
in 2017. I also set up a backdoor Roth IRA for 2017.
I received a 1099-R in the amount of
$5300 ($5000 contributions + $300 earnings) that is entered on line 15a on the
1040.
My question is on the 8606 for 2016:
Should the amount for line 1 be the original 2016 employee contributions of $5,000?
Or the employee contributions + earnings
for a total of $5,300? Or something else?
Thanks for your help!
