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Get your taxes done using TurboTax
Both Line 7 and Line 8 are Zero/blank on my 8606. And this makes Line 9 is Zero ( which is the sum of 7and 8).
Line10 requires dividing Line 5 by Line 9. Since my Line 9 is Zero, Line 10 is Zero now (which is supposed to be 1).
Line 11 and Line 12 are Zero now because they are the result of multiplying Line7/8 to Line 10.
Line 13 is supposed to be Zero since it's the sum of line 11 and line 12. However, turbo tax gives a $6000 (which is the correct number in actual) with a star mark. The star mark says "from Taxable IRA Distribution Worksheet (per IRS Pub.590-b)
March 12, 2021
4:10 PM