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Author: rasheed One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75384  
Subject: Roth IRA and IRS Date: 1/5/1999 11:18 PM
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Hello.

Following up on a previous thread of opening a brand new Roth IRA (not done through a rollover or other recharacterization) for the calendar/tax year 1998, no IRS form needs to be filed (such as Form 8606) according to the IRS.

Since the contributions are not tax-deductable, contributing to a Roth IRS should not cause adjustments to your tax return.

Of course, when withdrawls are made, Form 8606 will be there for you to document and in determining the tax-free distributions.

Save those contribution statements from the company that hold your IRA.

Rasheed
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