t231
Level 3

Retirement tax questions

Thanks @DianeW777!

 

I have another question regarding an inherited Traditional IRA. I inherited this IRA 8yrs ago and this is the first yr I was asked whether I need to fill out form 8606. And If the IRA had a basis? I was never asked this before. How would someone know if there was a basis? If there is no way to find out at this point what do you do?