MarilynG1
Employee Tax Expert

Retirement tax questions

To report a distribution of nondeductible IRA contributions in TurboTax, enter your Form 1099-R, then ensure you accurately report your prior-year "basis" (total nondeductible contributions) by answering "Yes" to questions about nondeductible contributions. TurboTax will use this data to populate IRS Form 8606, which calculates the taxable and non-taxable portions of your distribution. 

 

You will need your Form 8606 to report your IRA basis.  If all or part of your Box 1 amount is non-taxable,  Box 2b 'taxable amount not determined' should be checked. 

 

Here's more info on reporting Non-Deductible IRA Contributions. 

 

@mcfalldn 

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