Form 8606, page 2— Nondeductible IRAs 2023
Form 8606, page 2— Nondeductible IRAs 2023
Summary: This is an example of Form 8606 (2023) with items included as described in the text. Additionally, these line items are completed:
| Under"Part II: 2023 Conversions From Traditional, SEP, or SIMPLE IRAs to Roth IRAs": |
| "16. If you completed Part I, enter the amount from line 8. Otherwise, enter the net amount you converted from traditional, SEP, or SIMPLE IRAs to Roth IRAs in 2021. " field contains 5,000 |
| "17. If you completed Part I, enter the amount from line 11. Otherwise, enter your basis in the amount on line 16 (see instructions)" field contains 460 |
| "18. Taxable amount. Subtract line 17 from line 16. Also include this amount on Form 1040, 1040-SR, or 1040-NR, line 4b" field contains 4,540 Footnote: From Worksheet 1–1 in Pub. 590-B. |