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cebdcb
March 31, 2021
Question

Can Turbo Tax calculate the basis for a Required Minimum Distribution using Form 8606?

  • March 31, 2021
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    ThomasM125
    March 31, 2021

    You can complete form 8606 in the desktop version of TurboTax and that would allow you to determine your basis in an IRA. You would use the Forms option (on the menu bar) and search for form 8606.

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    fanfare
    fanfare
    Employee
    April 1, 2021

    when you enter your prior basis, and report a distribution

    Form 8606 calculates your new basis. 

    TurboTax supports Form 8606.

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