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Level 2
November 26, 2023
Question

IRS transcript does not show form 8606

  • November 26, 2023
  • 2 replies
  • 26 views

Hi

I made non-deductible IRA for 2020 and 2021. Turbotax generated the form correctly for both years. I saved the return records. Then filed.

However, I've checked IRS transcripts online. And there is NO 8606 form for both years' transcripts.

Am I missing something? Was it a turbotax's bug? The tax records do have the form, but why not in the IRS transcripts?

I'm picking my head wondering I need to refile 1040X to include 8606 and mail in.

Please help.

 

    2 replies

    Level 15
    November 26, 2023

    See https://www.irs.gov/individuals/transcript-types-and-ways-to-order-them

     

    You probably need to order your full return via Form 4506.

    zombi12Author
    Level 2
    November 26, 2023

    THanks,

    So you're saying the online version does not contain 8606, but the full transcript does?  

    I just assumed online and requested versions are the same.

    Level 15
    November 26, 2023

    No, probably the copy of your full return.

    Level 15
    November 27, 2023

    A transcript of your tax return only includes the information from Form 8606 involved in the calculation of the taxable amount of a distribution.  If your Form 8606 only reported a contribution, the lack of any mention of Form 8606 in your transcript is expected and is of no consequence.