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nolesrule t1_iyem5dr wrote

If you are converting every year and leaving nothing in the account, the carryover basis should be zero. If that was the case that there was zero in the account on Dec 31, 2021, I'd just proceed with a fresh 8606 for 2022 and not worry about past years.

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BarnabyJonesNap OP t1_iyeoxsj wrote

See my response above. Do you think I need to amend?

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nolesrule t1_iyes8eh wrote

So if you are doing the math correctly, if Line 6 is zero it's impossible to have anything other than zero on Line 14.

If that's the case, I don't think I would bother amending anything at this point and would just make sure the 2022 form has a zero in Line 2 instead of carrying over the number from line 14 of the 2021 form.

If the IRS sends you something about it in the next few years then deal with it. But I've read elsewhere that they don't compare the 8606 year to year. If the 2018 and 2019 combination of events had screwed things up you would have already gotten a CP notice by now.

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BarnabyJonesNap OP t1_iyev1yz wrote

What was pointed out tk me that I think is correct is the fact that I did 2 contributions and 2 conversions in calendar year 2020, one contribution for year 2019 and one for 2020, and the conversions both show in 2020 8606. So maybe line 8 on the 2020 8606 should have been 12k instead of 6k to zero that out?

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