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Retirement tax questions
Yes, the 8606 carried forward in a way. It will not generate in a year that you don't make a non-deductible contribution, but the amounts stay valid. It may not be a bad idea to print the form out and keep it in a safe place to keep track of your contributions should you not continue to use TurboTax for the next 15 years.
When you take your distributions, Form 8606 also will come into play as that is where the taxable and nontaxable portions of your IRA will be calculated.
March 22, 2020
1:02 PM
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