Form 8606 line 14

bosox5555 — Mon, 10 Feb 2025 16:20:34 GMT

Doing my own taxes for the first time. I got my prior year form 8606s from my accountant. I have done a backdoor roth conversions from a non-deductible IRA in the same year as the contribution since 2021. My question is for my 2024 tax return should Form 8606 line 14 be the total non-deductible contributions I made for the year ($7000) or $0 or something else? My prior forms had line 14 match my contributions for that year, my current draft TT filling has $0 in line 14.

Broken out:

2021: I contributed $6000 to ND IRA and converted it all to a Roth IRA same year. My 2021 Form 8606 line 14 = $,6000.

2022: I contributed $6000 to ND IRA and converted it all to a Roth IRA same year. My 2022 Form 8606 line 14 = $,6,000.

2023: I contributed $6000 to ND IRA and converted it all to a Roth IRA same year. My 2023 Form 8606 line 14 = $6,500.

2024: I contributed $7000 to ND IRA and converted it all to a Roth IRA same year. My 2024 draft TurboTax Form 8606 line 14 = $0. Is this incorrect? Should it be $7,000?

Thanks!

topic Form 8606 line 14 in Retirement tax questions

Form 8606 line 14