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Here’s a way for saving, potentially, thousands in taxes on IRAs, including on those that you inherit: To get started, learn all about the IRS Form 8606. This article lays out the purpose of the Form ...

Q. When it comes to Form 8606, the form asks for the value of all your IRAs. Does that include Roth IRAs also? I have $10,000 in non-deductible IRAs for which I'm getting a small write-off. -- ...

When completing form 8606 for converting a nondeductible IRA (valued at $44,000) to a Roth IRA, do I need to include on line 6 the value of a separate Rollover IRA (valued at $100,000) that I am not ...

If you haven't filed Form 8606 with the IRS to track your nondeductible IRA contributions over the years, it will take a bit of detective work. Answer: If you made some nondeductible contributions to ...