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Is form 8606 TIRA basis lost after backdoor roth?

Hello all, I have 11 dollars of nondeductible TIRA basis in line 14 of my 2011 form 8606 after a clean backdoor Roth performed during that year: 1. 12/31/10 TIRA balance = $0 2. 2011 nondeductible TIRA contribution = $5000 3. 2011 TIRA-->ROTH conversion = $4989 4. 12/31/11 TIRA balance = $0 Now that...
by tandy1000rl
Mon Jan 28, 2013 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is form 8606 TIRA basis lost after backdoor roth?
Replies: 3
Views: 560

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