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Get your taxes done using TurboTax
@JulieAblesChapin wrote:
Thanks. I followed all these steps correctly. I make sure my traditional is always $0 at year end. (I've also amended my 2019 in TT to include the 8606 that was missing.) My 1099r shows $14000. I have them listed now as two separate $7000 1099r's, as listed in your step 9. But, that did not help to alleviate the tax trigger. When I fill out a paper version of the 8606 for 2019, and for 2020, I get the '0' tax liability. But, for some reason in the TT application, I cannot. There is something in the SW on how this is done I am not seeing. Any help would be appreciated.
What is on line 3 & 5 on your 2020 8606?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎February 20, 2021
7:17 PM