GeorgeM777
Expert Alumni

Get your taxes done using TurboTax

No, there is no need to file Form 8606 if you intend to use your traditional IRA to make a back-door Roth IRA contribution.  Form 8606 is used to track basis in a traditional IRA.  If you do not intend to have any basis in your traditional IRA, then there is no need to file Form 8606.  

 

File Form 8606 only if you intend to keep a traditional IRA that contains contributions that were non-deductible.  You can have both types of retirement accounts but your total contributions to all traditional IRA and Roth IRAs cannot be more than:

 

  1. $6,000 ($7,000 if you're age 50 or older), or
  2. If less, your taxable compensation for the year.

@Tauepsilon1920

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"