MI Form 8606 2024-2025

MI Form 8606: What You Should Know

This position has been changed to require Form 8606 to be on file, even in the case  of basis not reported as zero.  If you have any questions regarding filing Form 8606, you should talk with an attorney or tax practitioner. Backdoor Roth IRA Contribution? Don't Forget Form Oct 23, 2025 — Any unreported Roth investments after you have made a nondeductible contribution of 18,000 to a traditional IRA  will need to be reported on a Form 8606. Although the  current rule of filing Form 8606 with Form 1040 does not specify a filing deadline, it is  clear that if the Form 8606 is not on file and properly completed, tax return  review times can be affected until the Form 8606 is filed.  In general, a Form 8606 filing requirement does not apply once the  deductible contribution amount for the year has been reported and taxed.  Therefore, even if you are making an IRA contribution, it may not be needed to file  the Form 8606 form. For example, if you make a contribution of 18,000  for 2018, no Form 8606 is required. If you have any questions regarding filing Form 8606, you should talk with an attorney or tax practitioner. 2018 IRA Return Oct 23, 2025 — If you completed a 2025 Form 1040 or 1040A and filed Form 8606,  you must file an amended return in order to correct or add any new information included  in the return. If your Form 1040 or 1040A contains additional information you want to  add, contact an attorney or a tax practitioner. Please report any changes (for example,  additions) to the correct Form 8606 at the bottom of this page.  If you make any correction changes, the amendment to your 2025 Form 1040 or 1040A must be  filed by November 17, 2018. If you made a correction from your last Form 1040 in 2018,  you must file a second amended return by December 17, 2018, to complete the correction. If your filing deadline was later than December 17, you may correct any errors on the second amended  return by filing a third amended return by January 31, 2019.

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