ThomasM125
Expert Alumni

Retirement tax questions

It may be that you need to complete form 8606 Nondeductible IRA's since you had distributions from a ROTH IRA during the year, as the instructions to that form require you to enter your basis in your ROTH IRA. From the instructions to Form 8606:

 

 

So, You may need to enter your basis, even though it will not affect the taxability of your IRA distribution depending on your age and time you held the investment.

 

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