Hi everyone,
How does one properly document any after tax contribution into an IRA which already has pre-tax money? Specifically I read that there's a form which must be filed every year for the life time of the IRA so that one day when distributions start streaming out of the IRA the after-tax balance (which was once deposited years ago) will not be taxed. TurboTax properly documents this and generates the form to be carried forward every year but what happens if the chain breaks, meaning one loses a hard drive for example and the next year TT is filed with no prior knowledge of this?
Can one resume the filing of said form and how would that work?
Thanks
Boyan
