- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thank you for your response and support.
Non deductible contributions were made to the Inherited IRA, and I will manually create and send form 8606 (Turbo tax will not support).
Turbo tax associated nondeductible IRA contributions with my Traditional IRA, a portion of which was converted to a Roth in 2025. This is reflected in the 8606 created by TurboTax. This is not correct; there is no basis in the Trad IRA and 100% of the Roth conversion is taxable.
What TT update is required to remove/zero out any nondeductible contributions or basis in the Trad IRA, and delete the form 8606 created in error? I am unable to identify the update needed to correct this issue.
Feedback: 1. The online version of TurboTax is very difficult to navigate. 2. TurboTax should support non deductible contributions in inherited IRA's.
Thank you again for your assistance.