If you neither contributed, nor received a distribution, then you may not need to report anything. You would only need to file Form 8606 if you must file one annually. The requirements from About Form 8606, Nondeductible IRAs - IRS are: 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.

Question

I did not contribute to my IRAs this year, where do I list my Roth IRA and traditional IRA that I have? I've never recorded either of those on TurboTax before.

Forum|Forum|3 years ago
January 23, 2023
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AmyC

Employee

If you neither contributed, nor received a distribution, then you may not need to report anything. You would only need to file Form 8606 if you must file one annually. The requirements from About Form 8606, Nondeductible IRAs - IRS are:

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.

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