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You do not have any basis in your TIRA. "Basis" means you did not get a deduction when you made the original contribution. So the $1,700 contribution + the $92.69 growth has no basis. That should get you fixed.
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I think I’m making a mistake on my 8606 form for my Backdoor Roth
had a small amount in traditional (1700) that I converted to Roth. Nothing got taxed by fidelity where I hold the Roth, so I was assuming this form should settle what i owe from the taxable 1700 . Can someone tell me where I’m going wrong?
Or am I just wrong and this info is from Fidelity’s tax forms
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