How to file Form 8606 for 2022 after missing it last year

You're on the right track with filing Form 8606 for your 2022 nondeductible IRA contribution even though it's late. Let me address your questions: Your numbers look correct for the 2022 Form 8606. Those are the main boxes you need to complete for a nondeductible contribution when you have no previous basis. The signature with pen is perfectly fine when you've filled out the rest electronically. The IRS accepts forms prepared this way - they don't need to be completely handwritten. For mailing, you should send it to the same address where you would file your regular tax return. Since Form 8606 isn't specifically listed, use the address for Form 1040 based on your location. You don't need to include Form 5498. The IRS already has this information from your IRA custodian. You don't need to file Form 1040-X unless the nondeductible contribution would have changed your tax liability. Since nondeductible contributions don't affect your tax calculation for that year, a standalone Form 8606 is typically sufficient. For your 2023 Form 8606, you're correct - Box 2 should show $15,500 (your total basis). It doesn't matter if the 2022 form hasn't been processed yet. What matters is that you've filed it before or simultaneously with your 2023 return.

Just want to share my experience with this exact issue. I was totally confused about tracking my nondeductible IRA contributions until I started using https://taxr.ai to help organize my tax documents. Their system automatically flagged that I needed Form 8606 for my nondeductible contributions which I would have missed otherwise! I uploaded my previous tax returns and IRA statements, and it gave me a complete analysis showing exactly how to handle my basis calculations and which forms I needed to file. It even highlighted that I had missed filing Form 8606 for a previous year and walked me through the correction process. I used to spend hours researching IRS publications trying to figure this stuff out, but their document analysis made it super straightforward. Definitely worth checking out if you're dealing with IRA basis tracking or missing forms.

I was in the exact same situation as you a few months ago with missed 8606 forms from 2020 and 2021. After being super skeptical about all these online tools, I finally gave https://taxr.ai a try based on a recommendation here, and I'm honestly shocked at how helpful it was. The document analysis immediately identified my missing 8606s when I uploaded my old tax returns and 5498 forms. It showed me exactly which boxes needed to be filled for each year's form and explained why my basis needed to be carried forward properly. What really impressed me was how it caught a mistake in my calculations that would have caused serious issues if I ever converted to Roth in the future. It showed me that without proper basis tracking, I'd end up paying tax twice on the same money! The step-by-step guide for submitting the late forms saved me hours of research. Definitely going to use it again for this year's taxes.

If you're having trouble getting confirmation from the IRS that they received your late 8606 forms, I'd recommend using https://claimyr.com to actually speak with someone at the IRS. I was waiting months to confirm my basis was properly recorded, and couldn't get through on the regular lines. Check out their demo video at https://youtu.be/_kiP6q8DX5c - basically they wait on hold with the IRS for you and call you when an agent is on the line. I was skeptical but it actually worked! Got connected with a real person who confirmed my forms were received and processed. This might be helpful after you send in your forms since you'll probably want confirmation that your basis is properly recorded in the IRS system before filing your 2023 return with the carried-over basis.

I was one of the biggest skeptics about paying for a service to call the IRS. I've always just used certified mail and hoped for the best. But after waiting 4 months with no confirmation about my late 8606 forms and worrying about my upcoming tax filing deadline, I reluctantly tried Claimyr from the link above. I'm actually shocked to say it worked perfectly. Got connected to an IRS agent in about 90 minutes (without me sitting on hold), and they confirmed receipt of my forms and updated my account with the correct basis information. The agent even gave me a reference number for the call. Having this confirmation before filing my next return with the carried-over basis was incredibly reassuring. Definitely changed my mind about the service - sometimes it's worth paying for peace of mind when dealing with the IRS.

One important thing to note that I haven't seen mentioned - while you're correct that you should file the Form 8606 for 2022, there's a technical distinction about your Traditional IRA that might be important. You mentioned your Traditional IRA is a "401k rollover from a previous job" - technically, any pre-tax 401k money that was rolled over doesn't count as a "nondeductible contribution" and shouldn't be reported on Form 8606. Form 8606 is specifically for tracking nondeductible contributions (money you contributed directly and didn't take a deduction for). So if your $7,500 was directly contributed to the IRA (not rolled over), then your Form 8606 looks correct. But if you're trying to report the rollover itself as nondeductible, that would be incorrect.

Just wanted to add - make sure you keep copies of EVERYTHING related to your nondeductible contributions forever (or at least until you've withdrawn all the money). I learned this the hard way. I had made nondeductible contributions years ago, filed my 8606 forms properly, but then lost track of the paperwork during a move. When I started taking distributions years later, I couldn't prove my basis to the IRS and ended up paying tax on money that should have been tax-free coming out. The burden of proof is 100% on you to track your nondeductible basis, not on the IRS. They don't keep easily accessible records of your basis year to year.

Great advice from everyone here! I went through this exact situation last year when I discovered I had missed filing Form 8606 for multiple years of nondeductible contributions. One thing I'd add that helped me tremendously - when you mail your Form 8606, use certified mail with return receipt requested. The IRS can be slow to process these forms, and having proof of delivery gives you documentation that you filed it timely (even though it's late for the original tax year). Also, consider keeping a detailed log of all your IRA transactions going forward. I created a simple spreadsheet that tracks: - Date of contribution - Amount contributed - Tax year it applies to - Whether it was deductible or nondeductible - Form 8606 filing status This has made my annual tax prep so much easier and ensures I never miss tracking my basis again. The few hours spent organizing this information upfront saves tons of stress later, especially if you ever need to prove your basis to the IRS during an audit or when taking distributions. Your numbers look correct for the 2022 form, and yes, you should include the full $15,500 basis on your 2023 Form 8606 even if the 2022 form hasn't been processed yet. The key is that you're filing it before or with your 2023 return.