rbynaker
Level 13
12-07-2019
04:57 AM
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I agree with itonewbie. I have one of these at the top of my stack that I'm going to work on Sunday. Just shooting from the hip here, you have to enter the contribution as a non-deductible IRA, then enter $0 as FMV of IRAs on 12/31/18 (and the B5 that poolcleaner mentioned). It should show in-and-out on the 8606, but I don't have the software in front of me.
I think your 8606s have probably been wrong the way you were doing it in the past. Recharacterization and conversion are not the same thing.
Rick
I think your 8606s have probably been wrong the way you were doing it in the past. Recharacterization and conversion are not the same thing.
Rick