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How to add backdoor Roth IRA information with contribution for this and previous tax year?

Always print a copy of your completed tax return for your records, and review it carefully before e-Filing.
You will need it if you are audited by the IRS, or to amend because a TurboTax update changes your return.
OR to make sure you did a Roth conversion correctly

How to add backdoor Roth IRA information with contribution for this and previous tax year?

Thanks a lot for your input. For 2018 I'm not putting in more than $6000, not quite sure if I'll get 8606 this time I think. Actually I opened my both IRA accounts in 2018, so I'm doing it for the first time. Yep, I keep all my returns 🙂 I did consult a tax advisor while doing the conversion, so I should be good.

How to add backdoor Roth IRA information with contribution for this and previous tax year?

you will have a 2018 8606 that shows your "prior years basis" is now zero.
mark the answer if this was helpful to you.
yangyingtina
Returning Member

How to add backdoor Roth IRA information with contribution for this and previous tax year?

Hello, I am still very confused what actions to take. I have the same problem. After following the steps, I still see the 6% penalty in my case. What shall I do?

How to add backdoor Roth IRA information with contribution for this and previous tax year?

please post your own thread with your situation. This question has already been answered.
OR use the Search the community box for "backdoor" this topic has been covered many times.
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