Yes it is if required. If you made a new non-deductible Traditional IRA contribution, had a distribution from an IRA that had a basis, or did a Roth conversion.
A 8606 must be manually prepared for an inherited IRA with a basis because the IRS does not allow e-filing it.
**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.**
