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Business & farm
After uninstalling and reinstalling that should work fine. Just enter the 1099-R in the 10999-R section and answer the followup question s after the 1099-R summary screen that asks for your prior year non-deductible basis (if it does not auto-fill form transferring 2016 carryover data) and then enter the 2017 year end Traditional IRA total value. That will produce a new 8606 form with the taxable calculations on lines 6-15 and the new carry forward basis on line 14.
This works fine in TurboTax and I have done exactly that many times for testing various scenarios.
This works fine in TurboTax and I have done exactly that many times for testing various scenarios.
**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.**
‎June 6, 2019
10:14 AM