t231
Level 3

Retirement tax questions

Thanks @AmyC!

 

If I am requesting a transcript I would have to ask for every yr that acct holder had the IRA. Is that correct?

 

Also, what would be a scenario where someone chooses to have a basis/8606?

 

And in the event I found out they did, I would then have to amend all the yrs I didn’t use the basis?