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Level 2
June 1, 2019
Solved

Is Keogh (HR 10) Plan distribution & account balance info reportable on Form 8606 along with IRA info on lines 6 & 7?

  • June 1, 2019
  • 1 reply
  • 5 views

Seems like Keogh plan may be considered "deemed IRA"?

Best answer by dmertz

If the IRA/SEP/SIMPLE box is not marked on the Form 1099-R reporting the distribution from this plan, it is not reportable on Form 8606 and its year-end balance is also not includible on line 6.

1 reply

dmertzAnswer
Level 15
June 1, 2019

If the IRA/SEP/SIMPLE box is not marked on the Form 1099-R reporting the distribution from this plan, it is not reportable on Form 8606 and its year-end balance is also not includible on line 6.