We have been collecting and saving our 8606s for multiple years.
The only time i have seen some benefits is hen doing Roth conversions, TurboTax calculates an amount not taxable, and reduces the total basis by that amount.
How else do those numbers help? I asked my advisor that when RMDs are due, does the basis help and he said no.
So where else do I have benefit of the taxable basis dollars for my wife and I as we have separate amounts
Is there YouTube or podcast anyone can recommend?
Thanks
