R-GK
New Member

Retirement tax questions

"We were excused from taking a required minimum deduction in 2020 because of Covid, but we took RMDs in 2021."

 

Yes, this was so for us, with ongoing 8606. When TT imported from last year, it found my 8606 because I had a distribution, but not spouse's, who had none.

I typed his info manually, thought mine would automatically generate correct numbers, but TT hid all the calculations in Zoom sheets and the actual form to be filed had many blanks with asterisks. Since the IRS won't have the software to Zoom into the calculations, I'm going to over-ride them and type it in myself. 

 

Yes, we print them out every year, so we know the current basis. Sorry we ever did this, what a pain. Make a Roth instead.