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mark-satterfield88
February 10, 2025
Question

How do I get Turbo Tax to create a Form 8606 so I can detail my Non Deductible IRA cost basis if I didn't make any contributions or withdrawls this year?

  • February 10, 2025
  • 1 reply
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    1 reply

    M
    MinhT1
    February 10, 2025

    You do not need to file form 8606 for a tax year in which you didn't make any non-deductible IRA contributions or IRA withdrawals, as your IRA basis is not affected. 

     

    As far as IRAs are concerned, the form 8606 for such a year would be exactly the same as the last form 8606 filed.

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