I have an explanation for each spouse, which both show up in the "blank form", only my explanation shows up on the 8606 "explanation statement" - how do I get i...
The 2020 Line 2 is wrong because it is $0 and doesn't reflect all prior contributions, and therefore Line 14 only reflects our 2020 contribution.My second quest...
I think I just need to fix the 2020 "opening total basis" balance (line 2) and Toal basis for 2020 and prior years (Line 14) to make sure my entire balance is c...
Right, it is just unclear to me if I need to amend the 8606 to provide the right historical info - a lot of the responses to the original post indicated 'yes', ...
Line 1 - nondeductible amount was correct.Line 2 - total basis for some reason was $0 (incorrect), soLine 3 - add 1 & 2 was incorrect and thereforeLine 14 - tot...