I know what my options are - file an ammended 1040X for 2006 or file an 8606
. Sounds easy right? When you get down to actually doing it I don't understand the instructions on the form 8606. It sounds like alot of blah blah blah. Can I use the 8606 dtd 2008 without attaching to my 1040? Or am I suppose to use form 8606 from 2006? What if I filed a 1040EZ in 2006? Can I still claim the deduction? If I fill out the 8606 does the IRS notify me of my basis so I can convert the non deductible part into a Roth account? (Maybe I'm just burned out from tax season). Did anyone participate in any Tea Parties
? I would have gone but I was too busy finishing my taxes.
Any help is appreciated.