Solved

Form 8606 problem

Forum|Forum|4 years ago
February 20, 2022
2 replies
0 views

Im thinking there might be a glitch in the TurboTax MAC desktop software. I completed the section on IRA, nondeductable contributions. The program generated the form 8606-S (for wife) correctly, but not 8606-T (taxpayer). Then, I searched and found the 8606-T, but saw that "basis" was the only information filled in. When I tried to enter the necessary data manually, my keystrokes were not recorded. Any other ideas I might try?

I did not have any issues with the form 8606 over the past ten years of filing with TurboTax Mac edition.

Best answer by dmertz

@EHarr3 , did you make a nondeductible contribution for 2021, receive a traditional IRA distribution in 2021, do a Roth conversion in 2021 or take a nonqualified distribution from a Roth IRA in 2021? If not, no Form 8606 for you should be present in your tax return. If you did perform one of these transactions, what type of transaction was it and did you enter it?

fanfare

Employee

The only way to get your Form 8606 is via the 1099-R entry screens.

If you override writeable fields, you won't be able to e-File.

D

dmertzAnswer

Employee

@EHarr3 , did you make a nondeductible contribution for 2021, receive a traditional IRA distribution in 2021, do a Roth conversion in 2021 or take a nonqualified distribution from a Roth IRA in 2021? If not, no Form 8606 for you should be present in your tax return. If you did perform one of these transactions, what type of transaction was it and did you enter it?

E

EHarr3Author

Thanks for the help. I finally figured it out. 100 percent of the money that came out of my IRA went to charity. Therefore, no 8606 and no adjustment to "basis" for next year's return. My wife got the 8606 because her money didn't go to charity, resulting in necessary adjustment to basis for next year.