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Retirement tax questions
Yes, thank you. I just found this post that addresses how to fix. Although I agree that a TurboTax bug fix would be better.
Summary for anyone else seeing this: I can make the 8606 correct by saying yes to the question "Yes, xxx had nondeductible IRA contributions", and then changing the answer back to no.
Unfortunately, I already e-filed, because I thought I had corrected the issue. Which means I'll have to file an amended return to have the correct 8606 filed (please confirm anyone with an opinion, but I think so). Interestingly, the tax calculation is correct; just the form 8606 is wrong. So that's a bit unfortunate.
Thanks again for the reply!
‎February 20, 2021
1:08 PM