DanaB27
Expert Alumni

Get your taxes done using TurboTax

Yes, line 4 states "Enter those contributions included on line 1 that were made from January 1, 2024, through April 15, 2024" but this information is only needed if you made a distribution or conversion in 2023 to calculate the taxable part of the distribution or conversion.  The amount on line 4 has to be excluded from line 3 for the calculation because it wasn't in the account in 2023 and therefore could not have been distributed or converted in 2023. 

 

If you did not have a distribution or conversion in 2023 the instructions on Form 8606 say to skip lines 4 to 13 and enter the amount from line 3 on line 14. 

 

Only if you say yes to the question "In 2023, did you take a distribution from traditional, traditional SEP, or traditional SIMPLE IRAs, or make a Roth, Roth SEP, or Roth SIMPLE IRA conversion?" it says to go to line 4, meaning to enter something on line 4.

 

You stated you did not have any Form 1099-R, therefore, TurboTax is following the instructions on Form 8606 to skip line 4 and does not enter anything on line 4.

 

 

For your information, line 2 is the basis (nondeductible traditional IRA contributions) from prior years, not distributions. You find this on your last filed Form 8606 line 14.

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