Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 1
so I need to know how important is this Form to have in my possession.

I'm going to disagree with catscanner and say that the form is incredibly unimportant to have. You can establish that the contribution was made using the account statements your custodian sends. The market value at December 31 will more than likely be on your December monthly statement (big surprise there!!). And most of the custodians indicate somewhere on your statement what tax year your contributions were made for. That information is really only important for contributions made between Jan 1 and April 15 of any year. Those contributions could be either for the current year or for the previous year. Contributions during the other 8 1/2 months of the year have to be for the current year.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.