Accountant-Man
Level 13
03-27-2024
12:24 PM
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You have to enter the Traditional IRA contribution that is then determined to be non-deductible on. It then goes on 8606 to report basis. Otherwise you have no basis.
Then check the box on 1099-R to show conversion of 100%.
** I'm still a champion... of the world! Even without The Lounge.