skyworks
Level 5
04-08-2023
04:56 PM
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Hi,
I am a bit confused on filing out form 8606 line 2 and line 14.
Is this the total basis of traditional IRAs for 2022 and earlier years? Meaning the total none deductible IRA contribution converted to back door Roth?
The client strted in 2019 to 2022 total contributed 4X$6000=24000
So line 2 and line 14 should show $24000? I thought it should be just $6000 which is current year's contribution/conversion.
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