Using 2021 TurboTax Deluxe for Windows (downloaded), I am unable to file electronically because I have a distribution from an inherited traditional IRA that had nondeductible contributions, which requires Form 8086. I am disappointed this is not supported by TurboTax, at least according to TurboTax Help: From TurboTax Help: However, if any of these 3 situations apply to you:You received a distribution from an inherited traditional IRA that had nondeductible contributionsYou transferred an inherited plan account to a Roth IRAYou received a distribution from an inherited Roth IRA that was not a qualified distributionthen you'll have to download and print Form 8606, manually fill it out (instructions), and print and file your return, as you won't be able to e-file.

@DaveF1006 2021 TurboTax Deluxe desktop software for Windows 10.The version in the About TurboTax window is 021.0000.0421@hhubik This is a revision to my earlier post. I have been testing and racking my brain to find out why the 8606 was not generating in the return. I sent it to our CSI investigative team and here was the answer. If any of these 3 situations apply to you:You received a distribution from an inherited traditional IRA that had nondeductible contributionsYou transferred an inherited plan account to a Roth IRAYou received a distribution from an inherited Roth IRA that was not a qualified distributionThen you'll have to download and print Form 8606, manually fill it out (instructions), and print and file your return, as you won't be able to e-file. I thought I found a workaround for this but unfortunately, it was in vain. I apologize for the misinformation earlier. [ Edited 02/09/22|09:00 PM PST]

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hhubik

Level 2

Solved

FEEDBACK: need support for distribution from inherited traditional IRA that had nondeductible contributions (Form 8086)

Forum|Forum|4 years ago
February 8, 2022
1 reply
40 views

Using 2021 TurboTax Deluxe for Windows (downloaded), I am unable to file electronically because I have a distribution from an inherited traditional IRA that had nondeductible contributions, which requires Form 8086.

I am disappointed this is not supported by TurboTax, at least according to TurboTax Help:

From TurboTax Help:

However, if any of these 3 situations apply to you:

You received a distribution from an inherited traditional IRA that had nondeductible contributions
You transferred an inherited plan account to a Roth IRA
You received a distribution from an inherited Roth IRA that was not a qualified distribution

then you'll have to download and print Form 8606, manually fill it out (instructions), and print and file your return, as you won't be able to e-file.

Best answer by DaveF1006

@DaveF1006

2021 TurboTax Deluxe desktop software for Windows 10.

The version in the About TurboTax window is 021.0000.0421

@hhubik This is a revision to my earlier post. I have been testing and racking my brain to find out why the 8606 was not generating in the return. I sent it to our CSI investigative team and here was the answer.

If any of these 3 situations apply to you:

You received a distribution from an inherited traditional IRA that had nondeductible contributions
You transferred an inherited plan account to a Roth IRA
You received a distribution from an inherited Roth IRA that was not a qualified distribution

Then you'll have to download and print Form 8606, manually fill it out (instructions), and print and file your return, as you won't be able to e-file.

I thought I found a workaround for this but unfortunately, it was in vain. I apologize for the misinformation earlier.

[ Edited 02/09/22|09:00 PM PST]

cr-stagg

Level 4

Did you inherit from your spouse or some other person? And what was done with the IRA if it was your spouse? Put with into your own IRA & what year (2021 or earlier) or left as a separate IRA?

hhubikAuthor

Level 2

The IRA was inherited in 2021 from a parent (not a spouse).

cr-stagg

Level 4

OK. Then after you enter the data from the 1099-R (Make sure box 7 reads "4" and the IRA/SEP/... Box is checked) the next page is the "Did you inherit?" Check Yes and then it asks from whom, and then TT asks for first name and death year. Next page asks about non-deductible contributions. This is what you are looking for.