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Get your taxes done using TurboTax
Line 1 of Form 8606 come from entering nondeductible traditional IRA contributions. Line 2 is when "Yes" to the "Any nondeductible Contributions to your IRA?" in the traditional IRA contribution interview or at the end of the retirement interview.
To clarify, did you have a recharacterization (entered in the IRA contribution interview) or conversion (entered in the retirement interview)? Please see What's the difference between a conversion and a recharacterization? for additional information.
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‎February 28, 2025
4:59 AM