Tax Tips: AVOIDING TAX PROBLEMS 2. You should keep a Form 8606, - TopicsExpress

Tax Tips: AVOIDING TAX PROBLEMS 2. You should keep a Form 8606, Nondeductible IRA Contributions, for any contributions made to your traditional IRA when you cannot claim a deduction. 13. Generally, when computing your basis in stock sold this year, include any dividends that were automatically reinvested into shares since the time of purchase. This and any fees involved with the purchase of shares are considered cost basis and will reduce your capital gains. 14. Keep copies of all tax forms and documents that you send to the IRS. Always keep good records for reference in correspondence with IRS. Liberty Tax® professionals are available for your tax needs. Please call your local Liberty Tax office for further information.

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