@RC519 wrote:
Thanks .. "when there is no change to your basis, you don't have to file Form 8606" .. sounds good to me.
TT included 8606 in previous years in identical situation (part-2 only & just lines 16 & 18).
Is there a source to back that up ? That would be ideal. Thanks !
You don't normally enter a 8606 itself. It is automatically created when:
1) You make a new non-deductible Traditional IRA contribution.
2) You take a distribution from a IRA that has a after-tax "basis".
3) You make a conversion of a retirement account to a Roth IRA
4) You have distribution from Roth IRA.
[For more information:
See IRS 8606 instructions
https://www.irs.gov/pub/irs-pdf/i8606.pdf
"Who must file" page 1.]
If none of those occurred, then the last filed 8606 remains in effect
There are some circumstances when a 8606 must be files for other reasons and might require filing a stand-alone 8606.
https://ttlc.intuit.com/questions/1899503-what-is-form-8606-nondeductible-iras-used-for
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
