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FEEDBACK: need support for distribution from inherited traditional IRA that had nondeductible contributions (Form 8086)
Using 2021 TurboTax Deluxe for Windows (downloaded), I am unable to file electronically because I have a distribution from an inherited traditional IRA that had nondeductible contributions, which requires Form 8086.
I am disappointed this is not supported by TurboTax, at least according to TurboTax Help:
From TurboTax Help:
However, if any of these 3 situations apply to you:
- You received a distribution from an inherited traditional IRA that had nondeductible contributions
- You transferred an inherited plan account to a Roth IRA
- You received a distribution from an inherited Roth IRA that was not a qualified distribution
then you'll have to download and print Form 8606, manually fill it out (instructions), and print and file your return, as you won't be able to e-file.
‎February 8, 2022
5:56 AM