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Old 11-17-2015, 04:28 PM
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Join Date: Nov 2015
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8606 never filed :-(

Opened a very small IRA in 1996 with divided assets from divorce. Never submitted form 8606 to establish cost basis for this IRA. Took distribution (age 61) this year. Will I need to pay taxes on the entire amount? I show the original start amount of the IRA but have no tax documents going back that far to show if it was deducted or not.



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