What Records Must I Keep?

To verify the nontaxable part of distributions from your IRAs, including Roth IRAs, keep a copy of the following forms and records until all distributions are made.

• Page 1 of Forms 1040 or 1040-SR (or Forms 1040A, 1040-NR, or 1040-T) filed for each year you made a nondeductible contribution to a traditional IRA.

• Don’t take into account the amount of the withdrawn contributions in figuring line 2 (for 2025 or for any later year), and

• Forms 5498, IRA Contribution Information, or similar statements you received each year showing contributions you made to a traditional IRA or Roth IRA.

• Forms 5498 or similar statements you received showing the value of your traditional IRAs for each year you received a distribution.

• Don’t include the amount of the withdrawn contributions on line 7.

Example. You are single, you retired in 2022, and you had no taxable compensation after 2022. However, you made traditional IRA contributions (that you didn’t deduct) of $3,000 on December 15, 2023, and $4,000 on November 15, 2024. In December 2024, a tax practitioner informed you that you had made excess contributions for those years because you had no taxable compensation. In December 2025, you withdrew the $7,000 and filed amended returns for 2023 and 2024 reflecting the additional 6% tax on excess contributions on Form 5329. You include the $7,000 distribution on your 2025 Form 1040, line 4a; enter -0- on line 4b; and attach a statement to your return explaining the distribution, including the fact that you filed amended returns for 2023 and 2024 and paid the additional 6% tax on the excess contribution for 2023. The statement indicates that the distribution isn’t taxable because (a) it was made after the due dates of your 2023 and 2024 tax returns, including extensions; (b) your total IRA contributions for 2023 didn’t exceed $6,500 ($7,500 if age 50 or older at the end of that year) and for 2024 didn’t exceed $7,000 ($8,000 if age 50 or older at the end of that year); and (c) you didn’t take a deduction for the contributions, and no deduction was allowable

• Forms 8606 and any supporting statements, attachments, and worksheets for all applicable years.

• Forms 1099-R or W-2P you received for each year you received a distribution.

Note: Forms 1040-T, 1040A, and W-2P are forms that were used in prior years.