I did not know that i have to file form 8606 when i make non deductible contribution in 1994 and 95 ( total $4000). I did not contribute any more since then.
However in 2017, I was advised to file form 8606 year 2017 to report the the prior basis ($4000 ) since i never did before.
First I understand now that I have to file 2 correct year 8606 ( 94 and 95) , but still unclear if i need to send along with 1040X year 94 and 95 to amend the mistake.
Second, do I make a mistake again by sending the 2017 year 8606 to report the previous basis?
If so how do I correct my second mistake?
Do I need to send 1040X year 2017 stating in part iii " error in reporting 8606 form".
Or should I just send the 8606 year 94 and 95 and leave the 2017 tax form as is?
Third, how should i send all those forms, mail all in one envelop or mail them separately
Thanks to you all!
