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What is IRS Form 8606?
Updated over a year ago

IRS Form 8606 is typically filed to report activity of nontaxable assets in your IRA.
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For example, Form 8606 is required, if any of the following occurred during the last year:

  • If you made a contribution to your traditional IRA, and you claimed a tax deduction for all or a portion of it.

  • You had after-tax amounts in your IRA from IRA contributions for which you did not claim a deduction, or rollovers of after-tax amounts from your 401(k) or 403(b) plan, and you took a distribution from any of your traditional IRA, SEP IRA or SIMPLE IRA.

  • You converted amounts from your traditional IRA, SEP IRA or SIMPLE IRA, unless the entire amount was recharacterized (reversed).

  • You received a distribution from your Roth IRA.


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