Retirement tax questions

It depends. If any of these situations exist, 

1. You received a distribution from an inherited traditional IRA that had nondeductible contributions
2. You transferred an inherited plan account to a Roth IRA
3. You received a distribution from an inherited Roth IRA that was not a qualified distribution

then you'll have to download and print Form 8606, manually fill it out (instructions), and print and file your return, as you won't be able to e-file. If these don't pertain to you, you might try manually placing an 8606 in your return.

1. Go to the forms mode in your program. Click on open form in the left portion of your screen.
2. Type in 8606 in the box that says type in a form name.
3. Select either if it is 8606-T (you) or 8606-S if a spouse.
4. Fill in your address if it isn't already populated.
5. Scroll down to Traditional IRA Basis Smart Worksheet
6. Enter the basis for 2020 by selecting quick zoom. This will generate an IRA Informational Worksheet
7. Once that is done, your basis amount will show from 2020, down to the earlier years.
8. See if this works.
9. If you are unable to get the proper results from doing this, you may need to download and print the return according to the instructional link provided above and mail the return in for this year. We hope that you won't need to experience this.

[ Edited 02/09/22| 09:00 PMPST]