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Get your taxes done using TurboTax
If there is nothing on line 1 of Form 8606, either:
- You failed to enter the traditional IRA contribution under Deductions & Credits,
- The contribution is appearing on Schedule 1 line 20 as a deductible traditional IRA contribution, or
- When entering the traditional IRA contribution under Deductions & Credits you mistakenly indicated that you "switched" (recharacterized) your traditional IRA contribution to be a Roth IRA contribution instead. You did not do (or at least should not have done) a recharacterization.
‎February 22, 2024
1:45 PM