Retirement tax questions

Did you enter a new  Traditional IRA contribution for 2019?

 

I assume the 1099-R has the IRA/SEP/SIMPLE box checked.

 

Do you have a non-deductible carry forward basis from line 14 on a prior 8606?   Or enter basis?  

 

If you are answering yes to the non-deductible basis question then  be sure that the total 2019 year end value of all IRA accounts is entered.

 

 

Rather then edit the 1099-R I suggest totally deleting it.

If after deleting the 1099-R, the 8606 is still present, then also delete the "IRA Contributions worksheet"  and the 8606 form.

 

Then re-enter and IRA contributions in the contributions section and then enter the 1099-R.

 

Delete the forms this way if using online - if using the CD/download version switch to the forms mode to delete.

https://ttlc.intuit.com/community/accessing/help/how-do-i-view-and-delete-forms-in-turbotax-online/0...

 

 

 

**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.**