MDFTAX
Level 3

Dear Community

My client has been doing Roth conversions for several years and has not completed 8606 correctly.

1-Did I enter the correct figures into the below lines of this form?

Line 2-- Basis === Entered My clients lifetime Total Contributions to IRA 

Line 6-- Value of all Traditional IRA === Included the amount that was rollover from his 401K to the IRA only. His other IRA account was $0 at 12/31/24 because he converted that to Roth

2-His spouse has $0 in her Traditional IRA but has done Roth conversions in prior years. Should I completed a 8606 with their tax return this year as well?

 

Many Thanks in Advance!

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