jtax
Level 10

Retirement tax questions

Yes, please clarify what you mean by "old?" Also is it for an inherited IRA or it it your own IRA?

 

Technically you may not be able to file an old 8606 since the instructions require that the form be filed with your 1040 (unless you don't have to file 1040, then you may mail the 8606 separately). The prior discussion we've had here is about whether you can file an amended return with the 8606. It's pretty clear to me that you can do that before the due date, but it isn't so clear beyond the due date, much less for prior years. On the other hand it seems strange to not allow an amended return to claim a missed deduction for "open" years. Yet there some things (like various "elections" that you can't make late or cannot change after the due date or filing of a return).

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