Form 8606

Form 8606 is an Internal Revenue Service (IRS) tax form used to report nondeductible contributions to a traditional IRA, as well as the earnings on those contributions. The form is also used to report the conversion of a traditional IRA to a Roth IRA.

The form is divided into three parts: Part I, Part II, and Part III. Part I is used to report nondeductible contributions to a traditional IRA. Part II is used to report the earnings on nondeductible contributions. Part III is used to report the conversion of a traditional IRA to a Roth IRA.

If you made nondeductible contributions to a traditional IRA, you must report them on Form 8606. You must also report the earnings on those contributions. The earnings are taxed as ordinary income when you withdraw them from the IRA.

If you converted a traditional IRA to a Roth IRA, you must report the conversion on Form 8606. The amount of the conversion is taxable as ordinary income in the year of the conversion.

Form 8606 is due with your federal income tax return. You can file Form 8606 online or by mail.

Here are some additional details about Form 8606:

* You must file Form 8606 if you made nondeductible contributions to a traditional IRA.
* You must also file Form 8606 if you converted a traditional IRA to a Roth IRA.
* Form 8606 is due with your federal income tax return.
* You can file Form 8606 online or by mail.

If you have any questions about Form 8606, you can contact the IRS at 1-800-829-1040.