@crystalPP wrote:
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.
Switch to the forms mode and view the "IRA Information Worksheet" line 12. It should have the $6,000 on it, if not, enter it there manually. (Taxpayer is the first person on the tax return, Spouse is the second listed person).
**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.**
