- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
TurboTax putting a negative value on line 7 of Form 8606
I made a one-time distribution of $5150 from my Traditional IRA to my HSA (and received a 1099-R for this distribution). I followed all of TurboTax's interview questions to properly characterize this distribution as a one-time distribution to fund an HSA. However, my e-file was rejected by the IRS due to a negative value of -5150 on line 7 of Form 8606. According to Form 8606 instructions, this line should NOT include a one-time distribution to fund an HSA. I cannot find where or why TurboTax is putting this negative value here. Please help!
March 3, 2025
12:07 PM