AmyC
Expert Alumni

Retirement tax questions

No, the IRA is tracked with basis separately from your 401K. Brokers send the IRS your account value at the end of the year. Tracking your basis in IRA is what is important. If you have IRAs with a basis, you need to continue to file form 8606 each year.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"