@correctax wrote:
I did Backdoor Roth IRA conversion for 2018 & 2019 converted in 2019 May which is after 2018 tax report date. How will it be different from what you've told? Do I have excess contribution and thus need to pay penalties for my rollover?
No different. The 2019 contribution should go on the new 8606 form line 1 and the 2018 contribution from the 2018 8606 form box 14 on the new 8606 line 2 to the total will be used to offset the taxable amount as described in the procedure.
**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.**
