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Level 6
April 7, 2025
Question

FORM 8606

  • April 7, 2025
  • 1 reply
  • 6 views

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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1 reply

rbynaker
Level 13
April 7, 2025

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

gk77_2Author
Level 6
April 7, 2025

Do i manually enter $1 in line 6. 

gk77_2Author
Level 6
April 10, 2025

Someone please explain.