@OKevinP wrote:
Turbo Tax will not generate the 8606 automatically. I followed the online directions and still no form. I need to file manually.. Do i fill in line 4? 2019 was the first year i filed a 8606
Line 4 is for 2020 contributions made in 2022 before the filing date.
Why do you need a 8606? What directions did you follow?
You don't normally enter a 8606 itself. It is automatically created when:
1) You make a new non-deductible Traditional IRA contribution.
2) You take a distribution from a IRA that has a after-tax "basis".
3) You make a conversion of a retirement account to a Roth IRA
If none of those occurred, then the last filed 8606 remains in effect
There are some circumstances when a 8606 must be filed for other reasons and might require filing a stand-alone 8606.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
