Form 8606

[Questions2684]

I made a few non deductible contributions to my IRA several years ago.  I have been using Form 8606 to amortize that basis.  Could I transfer that total basis balance from my traditional IRA to a Roth and forget about this Form 8606 for future years?  Thank you.

[MinhT1 · Accepted solution]

No.

You cannot decide to rollover all your non-deductible contributions from your IRA to a Roth IRA.

When a traditional IRA balance is composed of deductible and nondeductible contributions, any amount distributed or converted from the traditional IRA is prorated to include a taxable and nontaxable portion of the assets.