Hokiemommo
Returning Member

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