Question re: spousal 8606 for Tax Year 2018

[Ykcor]

Wife did not contribute to tIRA or rIRA for 2018. Does she still fill out a 8606 as the WCI tutorial says? We file jointly.

(BTW, she will this year and from now on as long as I am employed)

[Peds]

Ykcor wrote:

Does she still fill out a 8606 as the WCI tutorial says?

Click to expand...

the tutorial says to fill our an 8606 if you contributed to a nondeductible tIRA and converted to a rIRA.

so no, she did neither.

IRA are Individual.

 

why didnt you do an IRA for your wife?

[ENT Doc]

11 days and counting.  Get her TIRA-->Roth done.  And file an 8606 for her when it's done.  This can be filed separately to the IRS.

[Ykcor]

Peds wrote:

Ykcor wrote:

Does she still fill out a 8606 as the WCI tutorial says? 

Click to expand…

the tutorial says to fill our an 8606 if you contributed to a nondeductible tIRA and converted to a rIRA.

so no, she did neither.

IRA are Individual.

 

why didnt you do an IRA for your wife?

Click to expand...

No good reason. Just trying to make it as simple as possible for my accountant (see my other posts) until I get him re-educated. I certainly will for 2019.

The official IRS form 8606 says that spouse also has to submit a 8606. So I guess would be all zeros for her on the form??

[ENT Doc]

Ykcor wrote:

Peds wrote:

Ykcor wrote:

Does she still fill out a 8606 as the WCI tutorial says? 

Click to expand…

the tutorial says to fill our an 8606 if you contributed to a nondeductible tIRA and converted to a rIRA.

so no, she did neither.

IRA are Individual.

 

why didnt you do an IRA for your wife?

Click to expand…

No good reason. Just trying to make it as simple as possible for my accountant (see my other posts) until I get him re-educated. I certainly will for 2019.

The official IRS form 8606 says that spouse also has to submit a 8606. So I guess would be all zeros for her on the form??

Click to expand...

There is no reason why you shouldn't/can't do this for her for 2018.  It takes 1 min to fill out an 8606 for a contribution only.  It doesn't complicate anything.  Provided you have $5,500 to contribute you are wasting an opportunity.  Your wife doesn't need a 8606 unless she has something to account for.

[Peds]

Ykcor wrote:

No good reason. Just trying to make it as simple as possible for my accountant (see my other posts) until I get him re-educated. I certainly will for 2019.

Click to expand...

as ENT said, you have 11 days to get it done this year.

Ykcor wrote:

The official IRS form 8606 says that spouse also has to submit a 8606

Click to expand...

it does not. where are you reading that?