Have clients with 8606 forms from 93-97 - $10000 each. Never encountered this before and do not know where to use the $20000. TY

[TaxMonkey · Accepted solution]

What happened 98-2017?

[Postdot]

Both were federal employees.  They only supplied those years, but have additional forms for other years.  

[Postdot]

Can I use the $10K each to decrease their taxes.

[sjrcpa]

That form shows basis in IRA. When they start to take IRA distributions, some basis will reduce the gross amount to arrive at taxable amount.