PaulaM
Employee Tax Expert

Retirement tax questions

Additionally, by 'not caring about the taxes' you'll avoid the $50 late filing fee (although it can be waived) by not filing Form 8606.

See below for reference.

https://www.thebalance.com/forgot-to-file-form-8606-for-non-deductible-iras-3973986

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"