Can Turbo Tax calculate the basis for a Required Minimum Distribution using Form 8606?

Forum|Forum|5 years ago
March 31, 2021
4 replies
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ThomasM125

Level 15

You can complete form 8606 in the desktop version of TurboTax and that would allow you to determine your basis in an IRA. You would use the Forms option (on the menu bar) and search for form 8606.

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fanfare

Level 15

when you enter your prior basis, and report a distribution

Form 8606 calculates your new basis.

TurboTax supports Form 8606.

Can Turbo Tax calculate the basis for a Required Minimum Distribution using Form 8606?

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