If I don't care about paying taxes on non-deductible contributions do I have to file an 8606

[mikewinnick1]

Some time back I lost track of an 8606. So that year I didn't file it and just paid taxes on the full amount. The savings are so low because I only once contributed the max $2000. If I don't care about paying taxes on that $2000 when I withdraw the pretax contribution do I have to still file an 8606? For a measly $300 in taxes I don't want to perform a lifetime of 8606 tracking.

[Critter · Accepted solution]

No, you NEVER have to file a form 8606 to recoup the basis ... in fact the IRS would love it if you totally forget about it since it is in their favor. 

[PaulaM]

Additionally, by 'not caring about the taxes' you'll avoid the $50 late filing fee (although it can be waived) by not filing Form 8606.

See below for reference.

https://www.thebalance.com/forgot-to-file-form-8606-for-non-deductible-iras-3973986

[Critter]

The penalty only comes into play if you are reporting new non deductible contributions... not for failure to use it for distributions.