Regarding IRA contributions I have the following types spanning 1990 to 2020:
1. Traditional converted to Roth
2. Roth
3. Roth recharacterized as Traditional when I found I exceeded limits
4. Traditional, non-deductible
5. Roth conversion
Problem is that money has been moved from one firm to another (eg. American Century to Vanguard) and some older tax returns were destroyed. As a young man, I asked about keeping track of the money sources and was told not to worry about it, but now I think I'm a bind not having the paperwork to document the genealogy of each year's contributions. I assume this will be a problem and I could end up paying tax on money that should have been exempt?
I'm sure I'm not the first one down this road, what do y'all suggest?
1. Traditional converted to Roth
2. Roth
3. Roth recharacterized as Traditional when I found I exceeded limits
4. Traditional, non-deductible
5. Roth conversion
Problem is that money has been moved from one firm to another (eg. American Century to Vanguard) and some older tax returns were destroyed. As a young man, I asked about keeping track of the money sources and was told not to worry about it, but now I think I'm a bind not having the paperwork to document the genealogy of each year's contributions. I assume this will be a problem and I could end up paying tax on money that should have been exempt?
I'm sure I'm not the first one down this road, what do y'all suggest?