Question
Form 8606 - Early Distribution with backdoor roth
Hello -
I did a backdoor roth that had $7 of interest growth.
Form 8606 - Part 2 looks correct:
16: $6,507
17: $6,500
18: $7 Taxable amount.
I also took an early distribution on a previous employer (401k roth) for $2,200. I know I invested $1900 as my basis for line 22. Which calculates a total taxable amount of $300.
When I enter these independently the calculation looks correct. When I add both at the same time its only taxing me on the $7. The $6507 is being pulled into line 24 and canceling the additional $300 owed.
What am I doing wrong?
