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Retirement tax questions
@dmertz Thank you so much for your help. I will be sure to review Form 8606 after I make the payment.
For my wife, for tax year 2019 she contributed $6000 into Traditional IRA on 1/2020 and that was converted immediately without gain in 1/2020 as well.
To enter that, under Deductions and Credits, she would only check Traditional IRA only, and input all 6000 contributed between 1/2020-4/2020, then claim 6000 nondeductible contribution, right? And she will file her 1099-R with her next year's return?
Should be the last question! Thank you so much for your help and hope you stay safe during this virus outbreak!
March 18, 2020
5:21 PM