Question

Form 8606

Forum|Forum|6 years ago
April 9, 2020
1 reply
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I took my first RMD this year. In previous years, I filed Form 8606 for Nondeductible IRAs. The last one i filed was in 1997. That was before using TurboTax. How do I get the taxable basis of the IRA into TurboTax?

AmyC

Employee

Go to Deductions & Credits
Retirement and Investments
Traditional and Roth IRA Contributions
and proceed through the pages until TurboTax asks if you made any nondeductible traditional IRA contributions.
Answer Yes, then enter your basis from years prior to 2019

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