topic DISREGARD in Retirement tax questions

Can I correct the total basis reported on line 2 of 8606 this year? I have 8606 forms for 4 recent years but failed to add prior years amounts to subsequent year amounts.

Anonymous — Fri, 19 Feb 2021 17:04:42 GMT

Line 14 only shows the most recent nondeductible IRA contribution, instead of the total amount for all recent years. 2020 is the first year that I did a Roth conversion.

Re: Can I correct the total basis reported on line 2 of 8606 this year? I have 8606 forms for 4 recent years but failed to add prior years amounts to subsequent year amounts.

dmertz — Fri, 19 Feb 2021 18:56:03 GMT

You need to file amendments to the incorrectly prepared Forms 8606 that you filed. See the instructions for Form 8606:

https://www.irs.gov/pub/irs-pdf/i8606.pdf

DISREGARD

DanKeeney — Mon, 20 Mar 2023 00:29:54 GMT

I figured this out.