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Get your taxes done using TurboTax
Thank you for your response. Although it is a bit confusing. You say, "Distributions from an inherited IRA do not go on your Form 8606." Where do they go? Then you say, "The calculation must be done on a separate Form 8606 outside of TurboTax." If I manually complete a Form 8606 in Turbo Tax and enter the Calculated Taxable Amount in the box, will it populate to all other supporting worksheets & forms?
Also, Turbo Tax last year (2023) did support inherited IRA distributions with nondeductible contributions. Why is this year different?
I buy Turbo Tax software to do the work for me. Thanks
March 11, 2025
6:17 AM