Hello,
I am wondering if you are not using the correct term. Do you mean non deductible IRA?
https://turbotax.intuit.com/tax-tips/investments-and-taxes/what-is-irs-form-8606-nondeductible-iras/...
This link talks about non deductible IRAs. You can click on it or copy and paste it to a browser.
I am always concerned about non deductible IRAs because they can become quite complicated. The taxpayer has to keep excellent records so that they do not pay taxes on the principal portion because they never got a tax break on the investment when it was first put in. The principal would come out tax free but the earnings would be taxable.
Sure hope that helps.
Please reply if you have further questions.
Katie S.
Katherine S 63
