DanaB27
Expert Alumni

Get your taxes done using TurboTax

To verify, you followed these steps to enter the 2021 nondeductible contribution on your 2021 tax return:

 

  1. Click “Deductions &Credits” on the top
  2. Click "I'll choose what to work on"
  3. Scroll down to “Traditional and Roth IRA Contributions” and click “Start
  4. Select “traditional IRA” for both you and your spouse
  5. Answer “No” to “Is This a Repayment of a Retirement Distribution?
  6. Enter the amount you contributed
  7. Answer “No” to the recharacterized question on the “Did You Change Your Mind?” screen
  8. Answer the next questions until you get to “Any Nondeductible Contributions to Your IRA?” and select “Yes” if you had nondeductible contributions before this tax year
  9. If you had a basis in the Traditional IRA before then enter the amount (your 2020 Form 8606 line 14).
  10. Answer “No” to “Is This a Repayment of a Retirement Distribution?
  11. Enter the amount your spouse contributed
  12. Answer “No” to the recharacterized question on the “Did You Change Your Mind?” screen
  13. Answer the next questions until you get to “Any Nondeductible Contributions to Your IRA?” and select “Yes” if your spouse had nondeductible contributions before this tax year
  14. If you had a basis in the Traditional IRA before then enter the amount (your spouse's 2020 Form 8606 line 14).
  15. On the “Choose Not to Deduct IRA Contributions” screen choose “Yes, make part of my IRA contribution nondeductible” and enter the amount for you and your spouse (if you have a retirement plan at work and are over the income limit it will be nondeductible automatically and you only get a warning and then a screen saying $0 is deductible).

 

After you entered all this you still do not see Form 8606?

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