Get your taxes done using TurboTax

By generating Form 8606, your IRA Information Worksheet will become part of your tax return. Form 8606 is needed to keep the cost basis moving forward in your return even if the form is not necessary to send with your tax return.  

To trigger the 8606 in TurboTax

For the 4 situations listed at the top of this article (click the link), you can trigger Form 8606 with these instructions:

1. Open your return if it isn't already open.
2. Inside TurboTax, search for this exact phrase, including the comma: ira contribution information
3. Select the Jump to link in the search results.
4. Proceed through the IRA section, answering questions as you go.
5. When you reach the screen Any nondeductible contributions to your IRA? answer Yes, then continue. We'll generate and fill out the 8606 behind the scenes.
6. See the image below for assistance.

Tip: On joint returns, 8606-T stands for "taxpayer" (first person listed on the return) and 8606-S denotes "spouse."