TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

I had a non-deductible IRA contribution for this tax year. How do I add my prior year basis (i.e update form 8606 line 2)?

Forum|Forum|1 year ago
February 23, 2025
1 reply
0 views

No text available

After you enter your IRA contributions in the Traditional IRA and Roth IRA input section of Deductions & Credits, you can continue through the interview questions. You will be asked if you made any nondeductible contributions to your IRA, say yes, and continue through the interview to input your basis.

I'm using the Mac desktop version of TurboTax and this question is not asked of me. Thus when it generates the form 8606, the prior year basis on line 2 is 0 which is incorrect. How do I get help to fix this if my product is not working?

If the question is not appearing for you, you are being impacted by a current issue our development team is working on.

Sign up for updates here: Why am I unable to report my 2023 for 8606 basis?