I kept track of both deductible and non-deductible traditional IRA contributions on a spreadsheet but no longer have the tax records or 8606 forms of when I made these contributions. These contributions were in the late nineties until 2001. Can my spreadsheet still be used as justification for determining my basis, or am I out of luck and just have to consider all my past contributions as deductible?
You'll need to sign in or create an account to connect with an expert.
Without something more than a spreadsheet the IRS will probably disallow the basis.
It is important to have additional documentation for basis and deductions taken on a tax return.
Without something more than a spreadsheet the IRS will probably disallow the basis.
It is important to have additional documentation for basis and deductions taken on a tax return.
you lost your 8606 but that doesn't mean the IRS lost it.
If it makes you feel better, make a small non-deductible contribution (if allowed) like $100 and file form 8606
showing your basis + 100.
OR
file 8606 showing your basis, many people do this even though it's not required.
With no contribution Turbotax won't include 8606, you'd have to file on paper.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
mctrue633_2024
New Member
jerrylshen
Level 2
Tanners429
New Member
Steverino78
Level 2
jdxray
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.