Karen Beegs
Feb 18 2000, 07:01 PM
I have a nondeductible IRA that I have been filling out a 8606 for and in 1999 I started a Roth IRA. Do I have to include the Roth IRA on the 8606 form also?
Kathy
Feb 20 2000, 08:02 PM
No, you don't have to report your regular Roth IRA contributions on an 8606. The trustee will report your contribution to a Roth on a Form 5498 for you. You should report conversions from your traditional IRA to a Roth on the form 8606.