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Retirement tax questions
Thank you for confirming the error. I believe you are correct that the software is using Table 1-1, which works only if Line 4 of Form 8606 is ZERO. That is, if no contribution was made between January 1, 2021 and April 15, 2021. Turbo tax is not running the calculation through the entire Form 8606 calculation and it results in a calculation error.
‎February 21, 2021
3:42 PM