@gattaca wrote:
10-4. That should work in your case. If you make non-deductible contributions to a separate, non-inherited IRA, you still must file 8606 for that IRA. This is part of what is getting hozed up. Hopefully, either TT will wake up and fix the issues or I'll be able to fiddle with the figures somehow on the raw forms to avoid the red !. I know I saw one on my 8606 earlier. :( Stay safe, stay alive! Peace.
If you edit the inherited IRS and check the box that YES this inherited IRS has,a basis and then check it back to NO basis, that seems to remove the false 8606 entry. But if you revisit the IRA forms it can come back.
Just be sure that it is not on the 8606 when you file.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
