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2020 Form 8606 Error
In 2020 I had a distribution from an inherited IRA (with no tax paid basis) and a distribution from a regular IRA with a tax paid basis which was converted to a Roth. Form 8606 is calculating a non-taxable portion of each distribution which is incorrect because 100% of the inherited IRA distribution is taxable. The 2019 version of TT handled this correctly.
‎February 18, 2021
11:16 AM