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I made a nondeductible Traditional IRA contribution of $7,000 before April 15, 2023 . I received a 1099-R that showed a 7,000 distribution. I had rolled that Traditional IRA contribution into a Roth IRA on April 27, 2023. Do I need to file an Form 8606 with this year’s taxes and if so what information is required on that form?
Submitted by Gerri Fehst on Tue, 2024-03-19 03:17