LinaJ2020
Expert Alumni

Retirement tax questions

 

 

Per TurboTax Updates, the Form 8606 will not be available until 2/12/2020. It is important to file this form.  Without this form, IRS would not know what your total nondeductible amount of the IRA contribution is so to verify your nontaxable portion of the distribution or rollover.   To see why, click here Form 8606  to read a post by user BMcCalpin for an explanation. 

 

To see why the form is not yet available in TurboTax, please continue to read:

 

 

The fact that the forms are available on the IRS website has nothing to do with any tax software program.  The forms are available if you are going to download from the IRS to complete it on your own.  However, e-filing is different.  Once the form is finalized by the IRS, it has to be coded into the special language the software uses and has to be thoroughly tested for calculations and e-filing acceptability.  IRS then has to approve it for e-file.  It always takes a little longer for a form to become available for e-file in a software program.  I hope this helps you understand the situation.  At this point, the IRS expects to approve the form 8606 on TurboTax e-file as  02/12/2020.  

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