Solved: Form 8606 Non deductible IRA tracking

Form 8606 Non deductible IRA tracking

Yes, net contributions for the Roth IRA are contributions minus withdrawals. Net conversions are conversions minus withdrawals. You will first allocate any withdrawal to your regular contributions, then conversions and the rest will be allocated to the gains (earnings). The withdrawal of earnings will be taxable if it wasn't a Qualifying Distribution.

@Gleam55

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"