Reinafe
Level 2

My client made a non-deductible contribution in 2018 and did a backdoor Roth conversion in 2020.  Her tax preparer wasn't able to prepare 2018 Form 8606 back then so we will file it manually. 

I already entered the 1099-R and is now trying to fill out 2020 Form 8606.  I don't see where to enter the amount for line 2 (total basis in traditional IRAs).

Thank you in advance!

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qbteachmt
Level 15

That isn't a Backdoor Roth.

The delay makes this a Regular Roth Conversion. Even a "backdoor" would not be "backdoor" if the person also already had nonbasis Traditional IRA, because what you described would be taxed pro rata to basis.

"and is now trying to fill out 2020 Form 8606. I don't see where to enter the amount for line 2 (total basis in traditional IRAs)."

It's just a Conversion; nothing fancy.

 

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