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Retirement tax questions
Annette, thank you for your response.
We are on the same page that my 2025 traditional IRA was 100% non-deductible. Hence, the question remains on how to reflect this on Form 8606 to avoid being taxed. Right now, because TurboTax doesn't give me the option to claim non-deductible, form 8606 is wrongly generated, and I got taxed for this. For example, line 1 (Enter your nondeductible contributions to traditional IRAs for 2025, including those made for 2025 from January 1, 2026, through April 15, 2026. ) currently shows $0. However, the current amount should be what I converted from traditional IRA to Roth IRA. I still think there might be bug in current setup. Thanks.
yesterday