wbic1
Returning Member

Retirement tax questions

"......You only use the last filed 8606.   Each filed 8606 should show the prior basis, the additional basis and the total carry forward basis.    Each 8606 replaces the last 8606......"

 

I have been using turbo tax to do my taxes since 2008, go way back, and I do not recall if turbo tax carried the subtotal of the tradditional IRA contribution carry forward or not,  I need to go back and look. However, Earlier this year, i accidentally threw out all the turbotax CDs along with my trash, so i do not know.

I am not sure if i have been doing it correctly or not. I dont recall putting down on my turbotax the subtotal of all tradditional IRA amount carry forward. I think i  just simply put down $6000  on the 8606 form every year since 2010

Did I screw up in reporting the 8606? if i did, what  should I do now?

Thanks very much for  helping

 

 

 

 

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