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8606 for 2011?

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    8606 for 2011?

    My client just realized that she made a non-deductible contribution to a traditional IRA in 2011, and has now made one for 2012. The 2012 has not been filed yet, so there is time to include the 8606. My question is, am I able to just enter the $5000 from last year on line 2 and file it? Or must I file a stand-alone 8606 for 2011 as well?
    "I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey

    #2
    2011 8606

    Originally posted by Possi View Post
    My client just realized that she made a non-deductible contribution to a traditional IRA in 2011, and has now made one for 2012. The 2012 has not been filed yet, so there is time to include the 8606. My question is, am I able to just enter the $5000 from last year on line 2 and file it? Or must I file a stand-alone 8606 for 2011 as well?
    I would enter the 5000 on 2012 AND file a stand alone 8606. I am not too sure how close the IRS tracks these things, but it should doesn't hurt to CYA for a 2 page form.

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      #3
      Agreed

      Thanks for the reassurance. I had already printed it.
      "I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey

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