Re: The links that macuser_22 provided are for the...
Level 15

Retirement tax questions

Each year must be reported on the 8606 for  that year of the IRS will disallow any use of the non-deductible contribution on a distribution.   Line 14 on  the last filed 8606 can only come from  the previous 8606 form.  They cannot be combined.

 

Note that the IRS "could" assess a $50 penalty for each missed 8606 form.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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