Form 8606 is for nondeductible contributions. Did you make your contribution nondeductible?
- In the Deductions & Credits section of your Federal return, scroll down to Retirement and Investments. Click Show More and click Revisit/Start next to Traditional and Roth IRA Contributions.
- If you converted to a Roth IRA, your original contribution was to a Traditional IRA. You then should have received a 1099-R for the conversion from a traditional IRA to a Roth IRA if you both made the contribution and the conversion in 2021. For a proper back-door Roth, you will want to select Traditional IRA.
- Select No to Is This a Repayment of a Retirement Distribution?
- Enter your contribution amount, making sure to put it in the appropriate box if you contributed in 2022.
- Select No to Did you change your mind? For more details on the differences between conversions and re-characterizations, you can click on the TurboTax help article.
- On the Choose Not to Deduct IRA Contributions screen, select Yes, make part of my IRA contribution nondeductible.
Once the contribution is marked nondeductible, Form 8606 should populate.
