- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I created a similar test case and could see that the program does indeed ask you about the value of your Traditional IRA accounts even if you indicate that no non-deductible contributions were made.
Through that test case I could see the Form 8606 that is generated and even when a value is entered for the IRA accounts as of 12/31/2020, the Form 8606 is not completed with that value. Part I of Form 8606 is blank as would be expected.
There should be no issues with your return whether or not you enter the total value of your Traditional IRA since non-deductible contributions are not a factor for your taxes.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 14, 2021
11:32 AM