Backdoor Roth, Investing, and Taxes - 396
Your Money, Your Wealth
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The IRS Looks at IRAs as if They Were One IRA
The IRS looks at IRAs as if they were one IRA. Each beneficiary should get a form 8606 because no matter which IRA it is, it's considered the same in terms of tax basis relative to the total value. So I don't know why you would want to keep it separate from an IRS tax perspective.
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