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Need addl. tax form for 1998 Roth IRA?


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Guest Lonnie_parry
Posted

I converted my IRA to a Roth in 1998 and elected to pay taxes over a four year period.

This year's taxable amount needs to be included on Line 15b (IRA distribution-taxable amount). Is there an additional form that I also need to complete? If so, is it Form 8606? Thanks.

Posted

No additional form for the '98 conversion income reported in '99.

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Barry Picker, CPA/PFS, CFP

New York, NY

Barry Picker, CPA/PFS, CFP

New York, NY

www.BPickerCPA.com

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