It depends. Without more information about your situation, it sounds like TurboTax might be asking you for information to complete Form 8606 (Nondeductible IRAs).
We'll automatically generate and fill out Form 8606 if you reported any of these on your tax return:
- Nondeductible contributions made to a traditional IRA
- Distributions from a traditional, SEP or SIMPLE IRA that had nondeductible contributions (excluding rollovers, conversions, recharacterizations, qualified charitable distributions, one-time distribution to fund an HSA, or return of certain contributions)
- Conversions from a traditional, SEP, or SIMPLE IRA to a Roth IRA
- Distributions from a Roth IRA (other than rollovers, recharacterizations, or a return of certain contributions)
To trigger the 8606 in TurboTax
- Open your return if it isn't already open.
- Inside TurboTax, search for this exact phrase: 8606 nondeductible ira contributions
- Select the Jump to link in the search results.
- Proceed through the IRA section, answering questions as you go.
- When you reach the screen Any nondeductible contributions to [taxpayer's] IRA? answer Yes, then continue. We'll generate and fill out the 8606 behind the scenes.
If this doesn't answer your question, please come back with more details about your Roth IRA and the documents that you have received to use in preparing your return.
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