- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
What Fanfare said.
Your non-deductible IRAs and rollover IRA are classified and included in Traditional IRAs. Enter all your 1099-R. When TT asks for the total value of the IRA's, handle you and your husband separately. You should have separate 8606 (one will be labeled 8606 Spouse).
The taxable portion of your IRA distribution will be a pro-rata amount based on the total of your non-deductible contributions to your Traditional IRA (including rollover) to your year end balance.
March 11, 2020
2:51 PM