Solved
Back Door Roth Conversion - Form 8606
Hell,
In calendar 2022 I did a backdoor Roth contribution and conversion in calendar year 2022. For tax year 2023,I did a back door Roth contribution and conversion in January 2024 for calendar year 2023. I did not make any contributions or conversions at any time for tax year 2024.
Form 1040 for calendar 2024 shows the $7500 in box4a. Line 4b - taxable amount is $0 in form 1040.
For my Form 8606-T for calendar year 2024, the following boxes are populated. Is this correct? I feel like a lot more boxes populated than in prior years?
- Line 1 - $0
- Line 2 $7,500
- Line 3 $7,500
- Line 5 $7,500
- Line 8 $7,500
- Box 9 $7,500
- Box 10 - x 1.000
- Box 11 - $7,500
- Line 13 $7,500
- Line 14 $0
- Line 16 $7,500
- Line 17 $7,500
I will not be doing any further Roth Back door contributions, so I assume no Tax for 8606-T will generate for calendar 2025? Thank you for your help.
