Solved: Re: Amending IRAs for both Traditional IRA and Rollover IRA

4440864 · May 27, 2021 9:28:29 PM

Due to my ignorance about IRAs and Form 8606 I didn't file Form 8606 at all for 2017, 18, and 19 when I contributed to nondeductible traditional IRA. So, I'm filing form 8606 for 2017, 18, and 19 to amend. I understand that I have to pay penalty which is ok. However, the situation is a bit more complicated because in 2018 I rolled over my 401k(s) to Rollover IRA. 2017I only contributed nondeductible IRA for $5,500. So, I think this is simple I just have to doLine 1 = 5500Line 2 = 0Line 3 = 5500Line 14 = 5500 2018This year I'm not sure what to do with Line 2 and Line 6. This year I contributed only $4,575 but as I mentioned above this year I rolled over my 401k (From two employers) to a Rollover IRA for a total of $17,339.56 (I took the number from form 5498 Box 2). Given what I know so far this is what I think I should do but I could be completely wrong.Line 1 = 4575Line 2 = I'm not sure what to put here. I thought it would just be 5500 which is from 2017?Line 3 = 10075. Now the instruction here is saying that I should move on to Line 14 if I didn't take a distribution from traditional, SEP, or SIMPLE IRAs, or make a Roth IRA Conversion. The instruction also says that I shouldn't complete the rest of Part I?Line 6 = 17339.56. Do I need to enter my rollover number here?What else do I need to do for 2018. 2019I think this year depends on 2018. But I only did $1,450 for nondeductible contribution. So I think Line 1 would just be 1450 but what should I do with Line 2 and the rest?