Backdoor Roth 8606 Submission

[Mitotic catastrophe]

I am out of residency 3 yrs now. I did backdoor Roth's for my wife and I at Vanguard for 2016.

When I file form 8606, do I submit 1 form with both our backdoor Roth Values? Or do I submit 2 separate form 8606s (1 for each of us separately)?

Thx.

[jfoxcpacfp]

Mitotic catastrophe wrote:

I am out of residency 3 yrs now. I did backdoor Roth’s for my wife and I at Vanguard for 2016.

When I file form 8606, do I submit 1 form with both our backdoor Roth Values? Or do I submit 2 separate form 8606s (1 for each of us separately)?

Thx.

Click to expand...

As WCI gently reminded me yesterday :-), you will submit a separate form for each spouse. If you both contributed to the non-taxable TIRA and converted in the same calendar year, be sure to fill out both the front and back of the form.

[Mitotic catastrophe]

Thanks for the prompt and helpful response.

[nachos31]

jfoxcpacfp wrote:

As WCI gently reminded me yesterday :-), you will submit a separate form for each spouse. If you both contributed to the non-taxable TIRA and converted in the same calendar year, be sure to fill out both the front and back of the form.

Click to expand...

That's surprising. I figured it'd be one if MFJ and two if MFS but not two if MFJ. Mitotic Catastrophe, I assume y'all are MFJ?

[The White Coat Investor]

It's just because IRAs are always individual (hence the name.) The nice thing about having them separate (and on separate forms) is if one spouse can't do it due to a pro-rata issue, the other one still can.