In article <c1g0vn$1fnrsm$1[at]ID-215792.news.uni-berlin.de> , Gene E. Utterback, EA wrote:
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Thank you.

I would also need information on 401k rollovers, is that correct?

i

In article <%PL_b.29778$VQ3.22296[at]newssvr25.news.prodigy.com> , Tad Borek wrote:
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Thanks. I thought so as well. I will call my fund company and ask, as
I do not seem to have all copies of my 1099R, from past uears.

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What happened is that I got married, moved, hired an accountant (due
to having a corp), and so Iam not sure if the tally that we reported
is even correct. I will collect all necessary information to the
extent possible.

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I will check it out. My current focus is on gathering all information
-- when, how much etc, was invested or rolled over, etc.

i

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"Ignoramus13346" <ignoramus13346[at]NOSPAM.13346.invalid> wrote in message
news:c1fnvc$507$3[at]pita.alt.net...
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Your Form 8606s from all the years you made nondeductible contributions.

Gene E. Utterback, EA

Ignoramus13346 wrote:
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I,
For the 401k: if you had after-tax contributions that would have been
stated on the 1099R you received in the year you rolled it over.

For the contributory IRA: in theory you filed Form 8606 with your
federal tax retrun in each year you made a nondeductible contribution.
That form keeps a running tally of all such contributions so you would
just look to the last one filed for your total IRA basis.

Since you're asking the question I'll assume that might not have
happened. If this is recent you may be able to amend the tax returns and
add 8606. If not the IRS will require proof that the contributions are
nondeductible; the 8606 is the paper trail that they look to, and if
it's not there, the assumption is that your contribution was deductible.
Also I think there's a penalty for not filing 8606.

I don't know the specifics of how the IRS applies the rules, or whether
there's any leniency with late filing (or just one filing showing your
total). Good question for an accountant, misc.taxes.moderated, or
perhaps the IRS help line. A decent start would be the instructions to
form 8606, try www.irs.gov.

-Tad

I have a couple of IRA accounts. These accouts were formed with
aftertax IRA contributions, as well as with 401k rollovers.

Many years from now (30+) I will start withdrawing money from those
IRAs and I will need paperwork showing how much money in them was
already taxed. I would like to know which paperwork I need to dig up,
what is "good enough" for the IRS, etc.

i