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Retirement tax questions
Thank you. That is what I have done. I guess I will have to submit revised 8606's for the years 2013-2016 that Turbotax dropped. Is there anyway to do those electronically, or do I have to use paper?
One comment -- the interview for Nondeductible Contributions says "Let us know if [name] made and kept track of any nondeductible contributions to [name] traditional IRA from 2016 or prior years. (this is not common). It then says "Most people do not make or track any nondeductible contributions to their IRAs."
While I would agree that most people do not MAKE nondeductible contributions to prior year IRAs, I strongly disagree that most people do not TRACK nondeductible contributions. If this is how I lost the prior year reporting then this really needs to be fixed and the language changed.
One comment -- the interview for Nondeductible Contributions says "Let us know if [name] made and kept track of any nondeductible contributions to [name] traditional IRA from 2016 or prior years. (this is not common). It then says "Most people do not make or track any nondeductible contributions to their IRAs."
While I would agree that most people do not MAKE nondeductible contributions to prior year IRAs, I strongly disagree that most people do not TRACK nondeductible contributions. If this is how I lost the prior year reporting then this really needs to be fixed and the language changed.
‎June 7, 2019
4:01 PM