S13
Level 2

Client contributed $6500  in Traditional IRA in 2023 (non deductible IRA). Received 5498 for this contribution. Immediately converted to ROTH IRA in 2024 by using backdoor ROTH conversion strategy. There is no Other IRA account and no balance. In 2024 client contributed $7000 (non deductible IRA) and Converted to ROTH IRA by using backdoor Roth Conversion in 2025. How to report this on form 8606  in 2023 and 2024 , 2025 and calculate taxes if any

. Contributions made with after tax money (post tax)

Thank you

Sam

sjrcpa
Level 15

Get a blank 8606 and the instructions. Fill out by hand. Then back into the software til you get it to come out right.


The more I know the more I don’t know.