Only one 8606 generated on our joint 2020 Return

Forum|Forum|5 years ago
February 9, 2021
2 replies
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. We took our 2020 RMD and then later returned all of it(including taxes). Working on our 2020 return we entered our 1099-Rs and followed the questions to show we rolled it over. Our 2019 return had an 8606 for both my self and my wife, but the 2020 return has only generated a 8606 for my wife. What do I need to do?

macuser_22

Alumni - Champ

There is no such thing as *our* RMD. IRA's are individual, never joint. If you each have a 1099-R then you probably did not select which spouse it was for. Edit them to change that.

**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.**

dlt99Author

Level 2

Thank you for your response. An unfortunate choice of words "our rmd" . We each received a 1099-R and we did specified that one belonged to me and the other to my wife.

macuser_22

Alumni - Champ

You only get a 8606 if the IRA has an non-deducible basis in the that TurboTax will ask for.

**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.**

CCDAve

Level 2

I have the same problem. My wife and I both have a non-deductible IRA basis that is carried forward each year on a Form 8606. This year the IRA worksheet shows it properly updated for our 2021 taxes, but only my 8606 is generated for our tax return. She has no 8606 form to print out for our records, I can only get to it thru the IRA worksheet. I'm concerned the IRS won't get her 8606. Is this a TurboTax bug? Any suggestions?

BillM223

Level 15

You are correct that the spouse's 8606-S should appear but doesn't if you indicate that all of the spouse's IRA contribution is deductible. A workaround is this: on the screen that asks if you want to make your IRA contributions deductible, for your spouse answer "Yes, make part of [spouse's name]'s IRA contribution nondeductible."

A new line will appear asking how much to make nondeductible. Enter "1" (as in one dollar).

Now your spouse's 8606 will appear, and you haven't changed your tax much (if at all).

Your 8606 is still there (8606-T, your spouse's will be 8606-S).

@CCDAve

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CCDAve

Level 2

I followed your suggestion and it did force TurboTax to generate my wife's 8606. I wish this problem would be addressed by Intuit, last year and this year were the first times in many years I've had problems using TurboTax. Thanks for your help!