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V
vikas_217
February 27, 2023
Question

I need to amend 2021 Form 8606 since turbo tax generated it incorrectly. Do I amend my 2021 taxes with no changes,download 1040X and manually fill 8606 separately & mail?

  • February 27, 2023
  • 1 reply
  • 0 views
In turbotax online I do not see form 8606 and eventhough I go through the IRA contribution section, I have a feeling it will incorrectly report the total basis like previously in amendment as well.

1 reply

D
DavidD66
February 27, 2023

Yes, create a Form 1040X with no changes, however, indicate that you are amending in order to file a corrected Form 8606.  You can fill out and print a Form 8606 by going to https://www.irs.gov/pub/irs-pdf/f8606.pdf.

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Employee
February 27, 2023

If no dollar amounts are changing you can leave 1040-X Lines 1-23 EMPTY.

 

In any case, when filing 1040-X

do not include your old 1040 nor your revised 1040 because the Form 1040-X reflects any changes there and becomes your new tax return.

@vikas_217 

 

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Employee
February 27, 2023

you should understand why the Form 8606 is wrong (is it ?) before sending a different Form 8606.

 

No Form 8606 is not the same as wrong Form 8606

if nothing happened this year you won't see form 8606

@vikas_217 

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