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April 5, 2025
Question

Form 8606

  • April 5, 2025
  • 1 reply
  • 0 views

Turbo Tax is not generating a Form 8606 for my wife.  It has generated one in the past

    1 reply

    April 6, 2025

    You do not need to file form 8606 every tax year,

     

    Form 8606 is only necessary when you have the following in the tax year:

     

    • Nondeductible contributions you made to traditional IRAs.
    • Distributions from traditional, SEP, or SIMPLE IRAs, if you have ever made nondeductible contributions to traditional IRAs.
    • Conversions from traditional, SEP, or SIMPLE IRAs to Roth IRAs.
    • Distributions from Roth IRAs.

    Please read this IRS document for more information.

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