@psanand wrote:
I have been trying for past 3-4 days, multiple times opened my 2019 Tax returns to go over the non-deductible IRA contribution and update to create form 8606 but TurboTax is not allowing. I am not seeing the part you have mentioned below:
"You will be asked of you had and tracked non-deductible contributions - say yes. The enter the amount from the last filed 8606 form line 14 if it did not transfer. Then enter the total value of any Traditional, SEP and SIMPLE IRA accounts that existed on December 31, 2019."
After hitting continue on 1099-R it just jump to completely other section. Very frustrating.
What code is on box 7? Is the IRA/SEP/SIMPLE box checked?
Only IRA's get that question and it comes after the 1099-R summary screen in the 2nd half of the interview.
**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.**
