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Retirement tax questions
I did follow your steps and put $6000 for IRA basis (as of Dec, 31, 2019) for **myself**, not my spouse.
But it didn't carried over to the form 8606, line 2 is still showing 0, not $6000 as it is supposed to be.
I've talked to a turbotax agent over the phone and he walked me through all the related fields, making sure everything I did was correct. He was also puzzled why form 8606 doesn't show up correctly.
Case was still open. It should be very straightforward, as long as line 2 on 8606 is filled up with $6000 basis, I won't have any more tax obligation. I don't know whether that's an issue with desktop version turbotax. Or there is anything else may affect form 8606 line 2.
‎April 22, 2021
5:17 PM