Tax Explorer
Level 4
07-26-2023
11:05 AM
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The child recieved IRA contributions from her father. From my understanding, any non-deductible Traditional IRA contributions made would allow future distributions from the non-deductible contributions to be non-taxable.
Would the child still need to file tax return (specifically Form 8606) to report the non-deductible Traditional IRA contributions even if they are not required to file tax return for the year?