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I was a complete idiot and didn't realize until recently
(I'm 31 now) that I was supposed to have filed an 8606 with my non-deductable 2K yearly IRA contribution. I've
been contributing 2K to an IRA since 1991. I only realized this when
Morgan Stanley started to charge an IRA fee. I have two IRAs,
one a 401K Rollover and the second being a regular IRA. I've kept them separate since one has pretax money in it and the other has
nondeductible contributions. I was told I could combine the two accounts because the 8606 would establish my basis for the non-deductable money.

I didn't file this form and really would like to combine the two accounts since Morgan Stanley started to tack all kind of charges to their fees. It's $75 to terminate each account. I'd rather combine the two and pay the fee only once.

Any advice?

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