Form 8606 Part 2

Forum|Forum|11 months ago
April 17, 2025
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Hello - I just noticed after filing that my Form 8606 part 2 is not populating my conversation for the current year. I have entered the 1099-R that was sent and went through the motion of identifying it as a conversion through turbotax. Please help!.

Best answer by DanaB27

You might have answered a follow-up question incorrectly.

To enter a conversion in TurboTax Online:

Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R”
Click "Continue" and enter the information from your 1099-R
Answer questions until you get to “Tell us if you moved the money through a rollover or conversion" screen and choose “I converted some or all of it to a Roth IRA”
On the "Here's your 1099-R info" screen click "Continue"
Answer "Yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
Answer the questions about the basis from line 14 of your last filed Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

To enter a conversion in TurboTax Desktop:

Click "Federal Taxes" on the top and select "Wages & Income"
Click "I'll choose what to work on"
Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)"
Answer "Yes" to the question "Did You Have Any of These Types of Income?"
Click "I'll Type it Myself"
Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
Click "Continue" and enter the information from your 1099-R
Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account”
Then choose “I did a combination of rolling over, converting, or cashing out money.” and enter the amount next to "Amount converted to a Roth IRA account"
On the "Your 1099-R Entries" screen click "continue"
Answer "yes" to "Any nondeductible Contribution to your IRA?" if you had any nondeductible contributions in prior years.
Answer the questions about the basis from line 14 of your last filed Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

Please see How do I amend my federal tax return for this year? Generally, it is best to wait until your original return has been processed before sending Form 1040-X.

DanaB27Answer

You might have answered a follow-up question incorrectly.

To enter a conversion in TurboTax Online:

Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R”
Click "Continue" and enter the information from your 1099-R
Answer questions until you get to “Tell us if you moved the money through a rollover or conversion" screen and choose “I converted some or all of it to a Roth IRA”
On the "Here's your 1099-R info" screen click "Continue"
Answer "Yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
Answer the questions about the basis from line 14 of your last filed Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

To enter a conversion in TurboTax Desktop:

Click "Federal Taxes" on the top and select "Wages & Income"
Click "I'll choose what to work on"
Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)"
Answer "Yes" to the question "Did You Have Any of These Types of Income?"
Click "I'll Type it Myself"
Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
Click "Continue" and enter the information from your 1099-R
Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account”
Then choose “I did a combination of rolling over, converting, or cashing out money.” and enter the amount next to "Amount converted to a Roth IRA account"
On the "Your 1099-R Entries" screen click "continue"
Answer "yes" to "Any nondeductible Contribution to your IRA?" if you had any nondeductible contributions in prior years.
Answer the questions about the basis from line 14 of your last filed Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

Please see How do I amend my federal tax return for this year? Generally, it is best to wait until your original return has been processed before sending Form 1040-X.

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taxn00b123Author

Hi Dana - Thank you for the reply. I had my 1099-R imported from my brokerage and these questions seem to have skipped. I do remember these popping up generally when I had inputted in years past. Is there any way to manually populate these questions or should I remove my 1099R and enter it in manually?

DanaB27

What is the code in box 7 on your Form 1099-R? The questions should have shown up even when you import the Form 1099-R. The only time they don't show up is when someone indicates the whole distribution was a Required Minimum Distribution (RMD) then you won't get the questions because you are not allowed to rollover/convert RMDs.

But you can try to delete and reenter the Form 1099-R to see if you get the follow-up questions.

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