I am going to amended a 2007 tax return to add a Roth. Obviously this will NOT change the tax return numbers so what forms need to be mailed into the IRS?
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Roth IRA
You may not need to amend anything at all.
In some cases, Form 8606 may be required, particularly if there was a Roth conversion or a recharacterization.
But if it's a clean and simple Roth contribution, it doesn't appear anywhere on the tax return. The contribution will be properly reported to the IRS by the financial institution, which will issue a Form 5498 to the taxpayer around the end of May.
There's nothing to amend, because there's nothing to report.Burton M. Koss
koss@usakoss.net
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The map is not the territory...
and the instruction book is not the process.
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