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New Member
posted Jun 1, 2019 12:38:27 AM

I made non-taxable investments in a 401K from 1979 to 1982. Later, I rolled it to a trad IRA. I took my 1st withdrawal in 2018. I never filed a form 8606. Is it too late?

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1 Best answer
Level 15
Jun 1, 2019 12:38:29 AM

See the following answer explicitly addressing this situation:

https://ttlc.intuit.com/replies/6414216

6 Replies
Level 15
Jun 1, 2019 12:38:29 AM

See the following answer explicitly addressing this situation:

https://ttlc.intuit.com/replies/6414216

New Member
Jun 1, 2019 12:38:31 AM

This answer is helpful but when I tried to follow the steps, I never found a place to enter an explanation. Did I take a wrong turn somewhere? EDIT: I went through the steps again and this time a place for an explanation came up. I think I'm OK now. Thanks so much!

Expert Alumni
Jun 1, 2019 12:38:33 AM

Unless you made after tax contributions to your IRA, you don't need to worry about Form 8606, as 100% of your distributions will be taxable. 

New Member
Jun 1, 2019 12:38:37 AM

The contributions I made prior to 1983 were after tax. So I would like to file the 8606 so I don't have to pay taxes on them again. I don't know how to file it - none of the instructions seem to apply to that situation.

Expert Alumni
Jun 1, 2019 12:38:39 AM

Well, you should have said you made after tax contributions.  When you said non-taxable I thought you meant pre-tax contributions.

New Member
Jun 1, 2019 12:38:40 AM

Sorry - that was the language that was on my statement from 1983.