Message Font: Serif | Sans-Serif
No. of Recommendations: 0
That is a very informative answer. Looking at the Publication you referenced, I find that the reason why our contributions were not tax deductible was that I exceeded the AGI needed, not solely because

I assume, but am not sure, that when you say I may transfer my IRA tax-free to any other custodian I choose, that you mean to another IRA, not a traditional account. If it does mean that I can transfer to a traditional account, I have my answer.

I would like to transfer to a traditional account. Can I do so as long as I can show that the contributions were non deductible by referencing filed 8606 forms?

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.