To clarify, an 8606 is required by a taxpayer (in this case a decedent) on money he/she contributes to a traditional IRA that they do not deduct on their tax return. Since you are not making contributions yourself in the return, you will not report these on an 8606. The IRS should have a copy of the decedents 8606 when he/she made these non-deductible contributions. You still need to report the basis however. You still must report the basis on your return, and you use the IRA informational Worksheet to do this.
- Go to the forms mode in your Turbo Tax software.
- In the left pane of your return, select open form.
- in the Box where it says to type a form name, type in IRA Information Worksheet. Select this from the dropdown
- Go to Part 3-line 12 and enter the basis for 2020 and earlier years if there isn't an amount listed there already. Make sure you enter these under the spouse.
- This IRA Worksheet will be used to track the basis of your non-deductible contributions made in past years.
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