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Retirement tax questions
Thanks. I always filed the 8606, just not correctly. One of the complications was that I would make the contribution to the non deductible IRA in the next year (prior to April 15), allowable but not a good idea because it makes the documentation confusing. So I’ve figured out how the 8606s should have looked. The key things are that, I never paid tax on any distributions, and I always did what was allowed. But it’s not documented correctly. So I could redo all of the 8606s that were wrong and submit them with an explanation -is there any potential harm in doing that(other than the $50, if that counts for wrong 8606)?
November 15, 2020
3:45 AM