A couple of years ago I rolled a traditional IRA into a 401(k). The IRA had basis because of some non-deductible contributions. Form 8606 is used to report that basis upon distribution from an IRA. Is there a similar way to report the basis when distributed now that it is in a 401(k)?
Announcement
Collapse
No announcement yet.
IRA rollover to 401(k)
Collapse
X
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment