Retirement tax questions

No.    The IRS requires a separate 8606 for for EACH year that a a non-deductible contribution made file on the 8606 for that year.    If you did not deduct it and have not other change to make to your tax return then you can simply mail in the missing 8606 for for that year.  If the IRS does not receive a 8606 for any year then they can deny the non-deducible basis.   Also note that there is a $50 penalty for each missing 8606.   You can include request to waive that penalty if there is a reasonable reason.  Don't just pay, it but let the IRS bill you if they do.

 

You can get past years 8606 form here.

 

https://apps.irs.gov/app/picklist/list/priorFormPublication.html;jsessionid=5rZTMtyGvGTvEBcUGBG_bO3p...

 

 

**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.**