Where do I enter the value of my IRAs for form 8606 line 6?

Forum|Forum|2 years ago
February 13, 2024
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The screen to enter the value of my IRAs is not showing up for my 2023 tax return. The basis of my nondeductible IRA is carrying forward but the Form 8606 requires the value of my IRAs in order to calculated the portion of nondeductible IRA that can be used

TurboTax Deluxe Online

Best answer by dmertz

Assuming that you received a distribution from your traditional IRAs in 2023 and have entered a Form 1099-R that reports the distribution, click the Continue button on the page that lists the Forms 1099-R that you have entered and TurboTax will ask you to enter the year-end value.

dmertzAnswer

Employee

bustertax2019Author

There is no screen to enter the value of my IRAs in the section where I entered my RMD . The screen in 2022 was in Deductions and Credits but it is not there this year. Only the screen for my basis in nondeductible IRA is in the Deductions and Credits section.

AnnetteB6

Be sure that you checked the IRA/SEP/Simple box when you entered your Form 1099-R showing the distribution from your IRA. Then, as you go through the follow-up questions, you should see the question regarding the total value of all of your Traditional IRAs.

@bustertax2019

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