New York - You should keep the following IRA records:
Documentation of your contributions and any withdrawals
Documentation of any transfers between IRA accounts or from retirement plans such as 401k plans.
IRS Form 1040 (tax return)
IRS Form 8606 (shows deductible and nondeductible contributions).
IRS Form 5498 (shows the amount of contributions you made each year and the value of your IRA)
Because you are not creating a taxable event, you generally do not need to keep track of transactions that merely shifts money around within your IRA account.
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