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Level 15
Level 15

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@arbe wrote:

It is incumbent upon you to include form 8606 whenever the classic IRA payments are entered.


What do you mean by "classic IRA payments"? Do you mean IRA contributions (putting money into an IRA) or IRA distributions (taking money out of an IRA)? And when you say "classic" do you mean a traditional IRA?


Form 8606 is not required "whenever the classic IRA payments are entered." The most common types of traditional IRA contributions and distributions do not require Form 8606. It is only required in the specific situations that dmertz listed above, generally where current or past nondeductible contributions are involved. TurboTax will automatically include Form 8606 in your tax return if it is required, based on the information that you entered about IRA contributions or distributions.