I've been doing IRA to ROTH conversions over the past few years and just read that form 8606 should be filed when doing this kind of conversion.
We're MFJ and both over 59.5.
This is a fully taxable IRA (there aren't any non-deductible contributions). Eg, if I converted 10k, I'd get a 1099R from the brokerage firm saying that the 10k is fully taxable (distribution code 7). I input this form and TTO computes the taxes accordingly. So everything seems fine in terms of taxes.
But I don't see a form 8606 in my print packet. Is this form really necessary? It does seem superfluous.
Thx.
