topic Re: Completing the 8606 Form in After you file

Completing the 8606 Form

danieljgreenstein — Tue, 24 Feb 2026 04:07:26 GMT

I made a $6,000 non-deductible contribution to my traditional IRA between 1/1/23 and 4/18/23 for the 2022 tax year. The IRA account to which I made the contribution already had $3,349.20 in deductible contributions (rolled over from a prior employer 401k plan). I intend to do a Roth conversion in the future.

I completed the 8606 form for 2022 for the first time in my tax reporting history. I indicated only the $6,000 contribution, but not the overall basis that included the $3,349.20. Did I complete the 8606 form correctly? If not, what should have I done?

Re: Completing the 8606 Form

Critter-3 — Sat, 22 Apr 2023 12:30:17 GMT

The 8606 only reports the non deductible contributions ... there is no place to enter deductible contributions made in the past.

Re: Completing the 8606 Form

fanfare — Sat, 22 Apr 2023 13:46:08 GMT

"$3,349.20 in deductible contributions"

is not part of your basis.

in your situation, a Roth conversion will always be taxed,

because the distribution includes only a prorated fraction of your basis, leaving the rest of the basis for next time.

@danieljgreenstein