I accidentally forgot to enter my basis on Form 8606 for the past two years (2018 and 2019). Do I need to file an amendment so that my basis is properly tracked?
If yes, how do I file an amendment (where is the form to do so)?
Thanks!
posted
March 30, 20208:33 PM
last updated
March 30, 20208:33 PM
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Unless you reported the contribution and deducted it then reporting it a s non-deductible contribution on a 8606 form will not change the taxable amount so there is nothing to amend.
The missing 8606 forms can be filled by hand and mailed in.
**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.**