Questions & Answers

Where can I get my spouse's total basis in IRAs for 2017 and earlier years?

Look on your spouse's Form 8606, Line 14 of your 2017 tax return to get the total IRA basis from prior years. If your 2017 tax return did not have a Form 8606 for your spouse, then find the Form 8606 for your spouse from your 2016 tax return to get the total IRA basis from prior years.

If you don't have a prior year Form 8606 for your spouse or your spouse's prior year Form 8606 is inaccurate, calculate your spouse's IRA basis from prior years by adding up all of the nondeductible IRA contributions your spouse has made over the years, then subtracting the IRA deductions your spouse has taken on your tax returns over the years. The difference is the total amount of nondeductible IRA contributions your spouse has made in prior years and is your spouse's total IRA basis.

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