Question
8606 Issue for Backdoor Roth
Spouse in MFJ contributed $7,000 to a traditional IRA (non-deductible), and received a 1099-R for that amount, essentially a backdoor roth.
All items are entered on each screen.
However, the 8606 is not populating an amount on Line 8 of Part 1.
However, on p. 2 of the 8606, part II, the distrbution is being marked as a conversion, and it is NOT coming through as taxable on the 1040.
So ultimately it is correct from a taxable standpoint, but the 8606 is wrong.
