My 2022 turbotax premier filing contains a 8606 form for my wife's IRA. It has a basis that i have been tracking for years and made some use of every year. This year while working on my 2023 tax, I realized that the basis was not considered when my desktop turbotax premier computed the income derived from the IRA distribution. I powered through the federal review (no error) and then looked at the actual 8606 form generated for 2023. It was obvious that the form took no account of prior year data. It simply filled out line 16 in part II and line 18 in part II with identical amount from my wife's IRA distribution. My copy of Premier appeared to import last year's data properly in all other respects. Please suggest how to fix.
You'll need to sign in or create an account to connect with an expert.
If your wife's basis didn't get carried over then you can enter it during the interview:
If your wife's basis didn't get carried over then you can enter it during the interview:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
mikegc1
Level 3
likesky1010
Level 2
mike the wino
Level 2
Panthar
New Member
RaineB
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.