@moses0020 wrote:
@Opus 17 -- For 2022, When you say "reported in a way that did not generate a form 8606," are you able to clarify? Are you specifically talking about line 8 (Amount converted from traditional to roth) being blank? I guess now i'm wondering why this is blank for 2021 as well...
Yes, I used turbotax desktop, and still have the file saved. I can try to reinstall 2022 version and open it to look back at the prompts (to see how i answered). Since 1040 4a says 12,000 and b (taxable amount) says Rollover, is it possible I chose an option for rollover instead of conversion?
Yes, your 2021 form 8606 is also incorrect, although in a different way. If you look at the form and the instructions, it is a relatively simply math problem. line 1 + line 2 = line 3, and so on. Line 13 (non-taxable portion of all distributions) is supposed to be just line 11+line 12, and line 11 is supposed to be line 8 multiplied by the fraction on line 10. If line 8, 11 and 12 are all zero, line 13 can't be $12,000. (However, because line 13 does show $12,000, line 14 shows that your updated basis was zero, which does turn out to be correct in this case.)
No, I can't think of any way this could happen. Turbotax should not pass, and the IRS should not accept, a tax return with such blatant simple mathematics errors. I wonder if your PDF is wrong, but the return was filed correctly. As unlikely as it should be that the PDF is wrong, it is more unlikely that you could e-file a return with such obvious math errors.
Did you e-file?
At this point I want to send you to the IRS web site to get your tax return transcripts for 2021 and 2022. You may have to register an account if you have not already done it.
https://www.irs.gov/individuals/get-transcript
A tax return transcript is an electronic summary of all the entries on your return, and it should include a line by line summary of both 8606s for you and your spouse for those years. This will show what the IRS actually has recorded in your file. You should look specifically at line 8 (Roth conversion amount), line 11 (non-taxable portion of Roth conversions) and line 13 (should equal line 11+line 12).
See what the IRS actually has on file for you. After that, we will have a better idea of how to move forward.
Another option is to try and get tech support involved in your case. For this, you would do the following.
- Reinstall turbotax 2021 and 2022 on your computer.
- Make a duplicate copy of your tax data files (keep the originals in a safe place and don't alter them)
- Open the duplicate copy
- Generate a new PDF, or look at form 8606 in forms mode. Maybe your PDF will now be correct, indicating the previous PDF had mistakes, and you can stop at this step.
- If form 8606 still doesn't add up, go to the Support menu and click "generate token." This will upload an anonymized version of your file to Turbotax Support and give you a code number. Post the code numbers here, and I can forward them for investigation. The code number will be used to retrieve your file so the support person knows who to contact for further information.
I can't promise they will follow up but I can ask.
