The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Non-Deductible IRA Date:  2/13/2012  8:12 AM
Author:  TMFPMarti Number:  115059 of 130194

You mention that you have a traditional IRA, but you don't say anything about its pre/post tax composition

It's mostly pre-tax, but there is some after-tax included now. Definitely not clear-cut, and at the moment don't know how to determine the split. Hindsight would have been to put that in a separate after-tax IRA.

That wouldn't have helped, as you'll find when you examine Part I of Form 8606. It's really pretty simple if you've kept good records and properly reported your after-tax contributions.

Rule Your Retirement Home Fool
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us