DanaB27
Expert Alumni

Get your taxes done using TurboTax

Yes, TurboTax will fill out Form 8606 part 3 since the code J indicates this was an unqualified distribution. Make sure you enter the net contributions prior to 2024 (including the 2022 excess contribution) in the follow-up questions after you enter all Form 1099-Rs:

 

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top and type “1099-R” 
  3. Click on “Jump to 1099-R” and enter all your 1099-Rs
  4. Click "Continue" on the "Review your 1099-R info" screen
  5. Answer all the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen (include the excess of $6,000 from 2022)
  6. On the "Do you have any Excess Roth Contributions" answer "Yes"
  7. On the "Enter Excess Contributions" screen enter the total excess contribution from 2022.
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