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Retirement tax questions
Form 8606 is a form to report nondeductible IRAs and other IRA-related transactions that the government needs to track. Examples include:
- Distributions from a Roth IRA (especially to calculate the taxable amount of a nonqualified Roth IRA distribution.)
- Distributions from a traditional, SEP or SIMPLE IRA at any time after you have made nondeductible IRA contributions
- Convert a traditional, SEP or SIMPLE IRA into a Roth IRA
If you feel that the form does not apply to your situation, you can delete it from your return, using these steps:
TurboTax Online
- While in your return, click on Tax Tools > Tools (in the black bar at the side of your screen).
- In the Tools Center, under Other helpful links click on Delete a form.
- Click Delete next to the form you want to delete and follow the onscreen instructions.
- Once you have finished deleting the desired form(s) click the Continue with My Return box (in the lower right of your screen).
TurboTax CD/Download
- Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar.
- In the Forms in My Return list on the left, click on the form you wish to open and delete.
- Click on the Delete Form box at the bottom of the screen.
- To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.
ā€ˇFebruary 12, 2020
5:51 AM