@hhubik This is a revision to my earlier post. I have been testing and racking my brain to find out why the 8606 was not generating in the return. I sent it to our CSI investigative team and here was the answer.
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.
I thought I found a workaround for this but unfortunately, it was in vain. I apologize for the misinformation earlier.
[ Edited 02/09/22|09:00 PM PST]
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