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Retirement tax questions
Marking the box to indicate a qualified distribution will in some cases produce the correct taxable result, but it will not produce a correct Form 8606. Making that box will cause TurboTax to omit Form 8606 Part III entirely, likely resulting in a letter from the IRS indicating underreporting of income. Overriding Form 8606 line 20 is the only way to get a correct Form 8606.
March 18, 2022
3:42 PM
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