AmyC
Expert Alumni

Get your taxes done using TurboTax

1. Yes, the Instructions for Form 8606 state: Enter the total value of all your traditional, traditional SEP, and traditional SIMPLE IRAs as of December 31, 2024, plus any outstanding rollovers.

2. Yes. since the form 8606 tracks your basis in traditional IRAs across all accounts. 

3. Yes. I have seen the IRS ask for 30 years of 8606 forms. I recommend you amend the forms and mail each one in separately- with tracking. Be sure to sign the form. Keep a copy for you.

 

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