I made a nondeductible contribution to my traditional IRA in 2022, but I did not file a 8606. Do I need to? Can I do it via turbotax even though I didn't use them then?

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January 26, 2025
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I believe I made a nondeductible contribution to buy traditional IRA in 2022 (my tax return transcript that I got from IRS website shows IRA deduction - zero). However, I did not file a 8606 that year. Do I have to? If yes, then how can I do it through turbotax if I didn't use it file may taxes that year?

MAK70

If you do not file a Form 8606 to indicate nondeductible contributions to your traditional IRA, the distributions will be taxed as if you had deducted the contribution when you withdraw the money. (You will be taxed on the entire amount).

You do not have to use TurboTax, as it will have to be mailed to the IRS separately. You can get the Form 8606 (2022) and Instruction 8606 and complete the form and send it to the IRS. Note there is a $50 penalty for filing late unless reasonable cause can be shown.

julia-vu-ucsfAuthor

I used a CPA to file my taxes for 2022. I can’t find the tax return, but the tax return transcript on IRS.gov shows “IRA deductions” as blank, so I assume we didn’t take a deduction that year. I would’ve assumed we did, since we were below the income limit that year but if we did take the deduction, wouldn’t it show up on the transcript? I can’t find a form 8606 anywhere on the IRS website so I can’t tell if it was filed by our CPA or not.

Is there a way to track down past years’ 8606?

MindyB

Yes, if you took the IRA contribution deduction it would show up in your transcript. The transcript wouldn't necessarily show that an 8606 was filed, however, if the contribution was not deducted. If you can't get a copy of your return from your old CPA, the IRS will send you a copy of your return for $30. ‌You need to request this with a Form 4506.

To file an 8606 on your own, download the form from the IRS here: 8606