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    FORM 8606

    gk
    Level 7

    Hi,

    One of my client put $5000 in TIRA in 2024 for TY 2023 and again put 4500  later for TY 2024. Whole $9900 he converted to ROTH in dec 2024 but there was a balance of $1 interest generated from that amount and that he forgot to convert. Do we have to show that amount in form 8606. If yes how do i show that. Pls advise

     

    GK

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    3 Comments 3
    rbynaker
    Level 14

    If there were no other IRAs, sounds like $1 on Line 6.  Zoom in from there should take you to the IRA Info Wks.

    gk
    Level 7

    Do i manually enter $1 in line 6. 

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    gk
    Level 7

    Someone please explain.

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