Question
Line 20 of Form 8606 not being populated.
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In 2020, I liquidated my Roth IRA of $12,000 in an early distribution at the age of 56 which I owned for more than five years. (I have not yet filed my tax return for 2020.)
$10,000 was used to purchase a first home and $2000 was used to pay medical bills. (I was in complete compliance with requirements for the first-time homebuyer exception.)
When I entered my 1099-R data, I found Line 20 of Form 8606 was not populated with the $10,000.
I seem to remember reading about other people having similar problems.
Does anyone have any suggestions on how I can fix this issue?
Thanks!
JWKinCVA
