Retirement tax questions

To trigger the 8606 in TurboTax

1. Inside TurboTax, search for this exact phrase, including the comma: 8606, nondeductible ira contributions
2. Select the Jump to link in the search results.
3. Proceed through the IRA section, answering questions as you go.
4. When you reach the screen Any Excess IRA Contributions Before 2022? answer Yes,  and Continue
5. Open your return if it isn't already open.
6. Enter Excess Amount and Continue
7. Excess Contributions Withdrawn, Select No
8. Any Nondeductible Contributions to your IRA? Answer Yes and Continue

We'll automatically generate and fill out Form 8606 (Nondeductible IRAs) if you reported any of these on your tax return:

• Nondeductible contributions made to a traditional IRA
• Distributions from a traditional, SEP, or SIMPLE IRA that had nondeductible contributions (excluding rollovers, conversions, recharacterizations, qualified charitable distributions, one-time distribution to fund an HSA, or return of certain contributions)
• Conversions from a traditional, SEP, or SIMPLE IRA to a Roth IRA
• Distributions from a Roth IRA (other than rollovers, recharacterizations, or a return of certain contributions)

@PSUC