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January 24, 2025
Question

How may years back from 2024 should oine report the Roth Ira Contributions

  • January 24, 2025
  • 1 reply
  • 0 views
oine=one , sorry

    1 reply

    January 29, 2025

    If you want to generate Form 8606 to report:

     

    • distributions from a Roth IRA
    • distributions from a traditional, SEP or SIMPLE IRA at any time after you have made nondeductible IRA contributions
    • convert a traditional, SEP or SIMPLE IRA into a Roth IRA

    You can mail Form 8606 separately from your tax return, so you could prepare/mail them from up to three prior tax years.

     

    If you want to Amend a Prior Year Return to report Roth Contributions, be sure to save a copy of your originally filed return.