@sandeeptt wrote:
Thank you for this comment. I have a problem that you may have an idea about.
I made non-deductible contributions to the Trad IRA in 2021 and prior and therefore have a basis. I did not, however, make any 2022 contribution.
I do provide this info in TT but it does not seem to generate the form 8606 (looking at the PDFs for review). What am I missing?
Thanks.
If you made no new non-deductible contributions in 2022, and you did not take any withdrawals or make any conversions, then you will not have a form 8606 for 2022, even if you have a basis from before.
However, this highlights the need to save your prior form 8606s from past years, because you will need them whenever you add non-deductible funds, or convert or withdraw your IRA. Form 8606 is an important exception to the general rule that you only need to save tax papers for 3 or 7 years.
