IRS Publishes 2026 Form 8606

The Internal Revenue Service has released 2026 Form 8686, Nondeductible IRAs. This form is used to report withheld federal income tax from nonpayroll payments such as distributions from tax-favored retirement plans. This form is filed by taxpayers who have made nondeductible traditional IRA contributions for 2026; and by taxpayers who have made nondeductible traditional IRA contributions in previous years and have taken distributions from a traditional, SEP, or SIMPLE IRA in 2026 or converted part of their traditional, SEP, or SIMPLE IRAs to Roth IRAs in 2026.