Question

The TurboTax desktop calculations for Form 8606-T do not appear to be working correctly for a distribution from an IRA with previous nondeductible contributions.

Forum|Forum|2 years ago
April 10, 2024
1 reply
0 views

Overrides don't help. The multiplier percentage for the proportion of the distribution that is nontaxable does not get calculated by TurboTax. Also, the gross distribution amount is not pulled from the 1099R.

TurboTax Online

J

jtax

Employee

It worked for me this year.

I would suggest checking:

the "IRA Information Worksheet" to make sure your basis carryforward is present as well as other information (such as line 18 12/31/23 values of traditional IRAs and rollovers).

Also make sure the interview questions re: the conversion were right by checking the 1099-R distribution details (lines B1-B8).

not sure where in the interview these questions are asked but you can see the results in the forms.

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