Retirement tax questions

The 8606 is automatically created when:

1) You make a new non-deductible Traditional IRA contribution.

2) You take a distribution from a IRA that has a after-tax "basis".

3) You make a conversion of a retirement account to a Roth IRA

The 8606 is currently estimated for 2/15/18 but that is subject to change. The IRS just published the paper/PDF 2017 version of the 8606 on Feb 2 and still have not issued the 2017 8606 instructions.

The IRS still must issue the e-file specifications (schema) for the form so e-file providers can program to the IRS specifications, then the IRS must approve TurboTax's version to be sure what TurboTax transmits, the IRS can read, it usual takes 2-3 weeks after that for the e-file version of the final electronic form version to be approved.


**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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