As of today the Form 8606 is not available via Turbo Tax as they are working on an update for it. This may explain why there is a penalty of 6% on my Wife's and my IRA conversion from it to our existing Roth IRA's? I talked to a Turbo Tax lady tonight and it was determined we were being assessed the additional 6% tax penalty, meaning the transfer was being treated as a contribution instead of a conversion from an IRA to a Roth IRA. She suggested reentering Forms 1099. I did with the same result, so I guess I may have to wait for the update. Any other suggestions?
Please advise if there are.
Tom
