@nfp0824 wrote:
@macuser_22 So, does that mean the ENTIRE return must be manually prepared and mailed, or just form 8606? That's the part that I'm not clear about. Can I e-file the rest of the return and manually prepare, print and mail JUST 8606? Thanks.
No. Only the 8606 for the inherited IRA must be manually prepared, but yes, it must be part of your 2019 tax return so the entire return can only be mail filed with the 8606 attached. You mist enter the 1099-R for the inherited IRA on the tax return and the 8606 must be part of that tax return to support what you claim.
[Nothing requires you to report the basis in an inherited IRA. If that basis is small and the tax savings are small, sometimes it makes sense to not report it at all and just pay the additional tax and avoid the 8606 all together.]
**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.**
