Submitted by lmportance t3_11ed1rl in personalfinance
I did an immediate backdoor ROTH conversion for 2021 in 2021 and line 14 of Form 8606 was $0. I made a 2022 traditional IRA contribution of $6,000 in 2023 and did a backdoor ROTH conversion and for 2022 line 14 of Form 8606 is showing $6000.
Is this an error? I'm worried $6,000 will show up as a basis on line 2 of Form 8608 next year.
Werewolfdad t1_jad8z6j wrote
> Is this an error?
No because you crossed tax years. You’ll report the conversion in your 2023 taxes.