Do i need a 8606-T form for pre-tax ira contributions?

[PaulaM · Accepted solution]

The form 8606 is a tax form distributed by the Internal Revenue Service (IRS) and used by filers who make nondeductible contributions to an IRA. A separate form should be filed for each tax year that nondeductible contributions are made. By definition, a nondeductible contribution cannot be a pre-tax contribution.

Form 8606 is also required whenever: 1) a taxpayer converts a Traditional or SEP IRA into a Roth IRA, or 2) receives an IRA distribution that is attributable to previous nondeductible contributions. If 8606 is not filed in a distribution year, the taxpayer is likely to be forced to pay income taxes (and possibly penalties) on what could be tax-free monies.

https://www.irs.gov/forms-pubs/about-form-8606