In Feb 2025 I contributed my max allowable non-deductible restrict of 7k USD to my conventional IRA for the 12 months 2024. I additionally contributed one other 7k for the 12 months 2025.
For the Tax 12 months 2024 – I perceive I WILL have to file type 8606. Since I contributed 7k for 2024 AFTER thirty first Dec
1) I assume I nonetheless HAVE to file type 8606 for Tax 12 months 2024
2) The curiosity will probably be ZERO even thought i could have accrued curiosity since Feb 2025.
Please let me know if these are correct?