momrose
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You can file the 8606 if you want but it probably is not necessary.No, there is no $50 penalty for parts II & III. The penalty only applies for failing to file ...
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Part III would generally be needed to report any nonqualified Roth IRA distribution, but if the entire distribution was taxable, the IRS probably wouldn't quest...
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momrose, this thread is a discussion about Form 8606 Part I and the statement that you quoted is referring only to that part. You are instead referring to Parts...
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You only need a 8606 if you made a non-deductible Traditional IRA contribution or took a distribution for Traditional IRA with a non-deductible basis.If you hav...
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I don't see my exact situation addressed in this thread either. I have never filed a Form 8606 because I never realized that I needed to. I have been doing my o...
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- Cheered Re: I neglected to file my non deductible IRA contributions on an 8606 for many years ....Is there anything I could do now??? for macuser_22. April 7, 2021 7:46 AM
- Posted Re: I neglected to file my non deductible IRA contributions on an 8606 for many years ....Is there anything I could do now??? on Retirement tax questions. April 6, 2021 5:26 PM
- Posted Re: I neglected to file my non deductible IRA contributions on an 8606 for many years ....Is there anything I could do now??? on Retirement tax questions. April 6, 2021 5:20 PM
- Cheered Re: I neglected to file my non deductible IRA contributions on an 8606 for many years ....Is there anything I could do now??? for macuser_22. April 6, 2021 5:20 PM
- Cheered Re: I neglected to file my non deductible IRA contributions on an 8606 for many years ....Is there anything I could do now??? for macuser_22. April 6, 2021 5:06 PM
- Cheered Re: I neglected to file my non deductible IRA contributions on an 8606 for many years ....Is there anything I could do now??? for dmertz. April 6, 2021 5:06 PM
- Posted Re: I neglected to file my non deductible IRA contributions on an 8606 for many years ....Is there anything I could do now??? on Retirement tax questions. April 6, 2021 5:02 PM
- Posted Re: I neglected to file my non deductible IRA contributions on an 8606 for many years ....Is there anything I could do now??? on Retirement tax questions. April 6, 2021 4:35 PM
- Posted Re: I neglected to file my non deductible IRA contributions on an 8606 for many years ....Is there anything I could do now??? on Retirement tax questions. April 6, 2021 4:00 PM