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Form 8606
I received a distribution from an inherited IRA with basis. Although TurboTax asks about the basis, it requires the taxpayer to calculate the taxable portion offline. I do this every year by manually preparing Form 8606. Although TurboTax correctly posts the taxable portion of the distribution, it does not generate Form 8606 that is required by the IRS. Every year I override Form 8606 with the correct entries and attach it to my 1040 which I have to mail because Iam unable to Efile the return because of this overridden form. Does anyone know how to get this form to populate?
‎February 26, 2022
10:03 AM