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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: posthumousone who wrote (780)3/18/1998 6:22:00 PM
From: Colin Cody  Respond to of 5810
 
That form 8606 is required annually once you establish a non-deductible IRA. You normally file it WITH form 1040.
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If you forgot to, you will note that the bottom of the 8606 has a signature line for use when filed WITHOUT the form 1040.
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You should consider rolling those non-deductible IRAs into a ROTH rollover and paying the tax NOW (over 4 years).
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Colin