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Financial Planning / Tax Strategies
|Subject: Re: IRA Recharacterization/Distribution?||Date: 2/4/2013 11:01 AM|
|Author: hk2||Number: 117616 of 122333|
See Example 2 on page 4 of the instructions for Form 8606. The only number that winds up on your return is the 1099-R amount on line 15a.
I didn't know that form existed. I just got the 1099-R on Sat and having just dealt with a "you owe us $14,000" letter, I lost a bit of sleep this weekend.
(broker duplicated many trades in the data they sent to the IRS and gave them a $0 cost basis to boot!)
Always keep good records.
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