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- Dear all re: form #8606 how do you enter Backdoor Roth Contributions THANK YOU
Dear all re: form #8606 how do you enter Backdoor Roth Contributions THANK YOU
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bss
Level 1
2 Comments 2
qbteachmt
Level 15
4 weeks ago
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Here's the help article:
You'll have a nondeductible contribution to the Trad IRA, and that creates Basis for the conversion. Being all and only basis (and leaving $0 FMV in the Trad IRA) is what makes a conversion "backdoor."
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
abctax55
Level 15
4 weeks ago
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never mind.... deleted.
HumanKind... Be Both
