- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.