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Retirement tax questions
If you made a nondeductible contribution to your IRA in 2021 and failed to file form 8606 with your 2021 tax return, You can fill out and file this form for 2021 now as a standalone form. You do not need to amend your 2021 tax return. You can send this form to the IRS at the address where you would file your tax return. This depends on your state of residence.
Please find the address in this IRS document.
If you fail to file form 8606, you will be taxed on the distribution of your nondeductible contribution.
There is a $50 penalty for filing the 8606 late unless you can show reasonable cause.
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‎February 21, 2023
3:46 PM