Hi I have a question regarding 8606 form:
- 2023 non deductible IRA contribution : $1000
- 2023: Roth IRA convertion of same IRA + promotion and earnings: $1102
- 2024: contribution of $2000 to IRA.
From the following question (#8) should I enter $1102?
8- Enter the net amount you converted from traditional, traditional SEP, and traditional SIMPLE IRAs to
Roth, Roth SEP, or Roth SIMPLE IRAs in 2023. Also, enter this amount on line 16