I failed to report a nondeductible traditional IRA contribution on the 2016 tax forms and I was not aware of the form 8606 at the time and did not file a form 8606 for the IRA contribution. My IRA investment firm, Fidelity, however, generated an IRA contribution on their form 5498 which showed my IRA contribution in 2016. I learned of this the last few days.
Furthermore, I used the turbo tax software in 2016 which did not generate an 8606 for my IRA contribution after the turbo tax software was linked to my Fidelity account. The turbo tax however generated an 8606 for my wife but it did not generate one for me.
Please help. what should i do
