Amend Form 8606

[sammerin11]

I filed form 8606 for 2023 tax year but the basis in line 2 is incorrect, as it does not capture data from 2022. I believe I need to amend my 2023 return, so I have the proper basis to use for 2024. How can I do this within TurboTax online? I cannot figure out how to just directly get to the form and edit it. Thank you!

[MaryK4 · Accepted solution]

If you want to correct the entry directly on the form, you would have to have the download version of TurboTax - you can make an override in Forms mode.  

You can also enter the correct amount by going back to the 1099-R entry.  You will be able to enter your Total Basis  as of December 31, 2022 to enter the correct amounts for the 8606 and the 1040X.

[sammerin11]

I ended up downloading Turbotax to desktop to modify my forms. Though I added in the 1099-R, it still would not update the basis for some reason. Thank you!