If one is contributing after-tax dollars to a roth ira, do they need to fill out any form with their taxes?

Question

I'm talking about a regular $4000 contribution of after-tax money into an established roth ira account. I was under the impression that no reporting needed to be done since it's not a taxable event, but someone told me otherwise. I think I'm right. But if I am right, then how does the IRS really know how many years you have contributed so they know whether or not the amounts in the account are correct?

Answer 1

The form that has to be filled out is for non-deductible contributions to a traditional IRA, not a Roth.

Answer 2

There are no tax records to keep up with- you are correct.
It SIMPLY is taxed upon removal from your account based on your taxed income at that time. (simply taxed based on income for the year.)