I have filed form 8606 for years to track the after tax IRA contributions I made till I retired. When I retired, I rolled over my 401K that had pre-tax and after-tax money which I rolled over into an IRA and it is held in a different financial institution than my older IRA. I have not filed an 8606 the 401K rollover. I have “not” started taking the RMD from any IRA yet, so when do I add the 401K rollover IRA “after tax” money onto the 8606? Do I add that money to the 8606 that I have been filing for years for my non-deduction IRA when I “start” RMD withdrawals?
From IRS pub 590-B....
A Form 8606 isn’t used for the year that you make a rollover from a qualified retirement plan to a traditional IRA and the rollover includes nontaxable amounts. In those situations, a Form 8606 is completed for the year you take a distribution from that IRA. See Form 8606 under Distributions Fully or Partly Taxable in Pub. 590-B
Thank you for your answers.
