Form 8606, page 2— Nondeductible IRAs 2019

Form 8606, page 2— Nondeductible IRAs 2019

Summary: This is an example of Form 8606 (2019) with items included as described in the text. Additionally, these line items are completed:

Under"Part II: 2019 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 2019. " 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 or 1040-SR, line 4b or Form 1040-NR, line 16b" field contains 4,540 Footnote: From Worksheet 1–1 in Pub. 590-B.