Form 8606 does not seem to be carrying cost basis forward correctly from year to year. Should I fix it manually or is there another form to properly adjust this?

Forum|Forum|6 years ago
January 26, 2020
5 replies
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TurboTax Premier Online

fanfare

Level 15

Verify that the basis for prior years on Line 2 matches the amount on your 2018 (or latest) 8606 Line 14.

If it does not you can manually enter the correct amount by visiting the appropriate worksheet.

craig-nelsonAuthor

Level 2

It does not match and seems to be a bug as it has been incorrect on my forms for years and years, I had a TurboTax rep call me and I showed them that it wasn't adding from year to year, they agreed that it was an issue beyond their knowledge. They transferred me to the tax expert help line but I selected that I didn't want to pay the extra $90 for a personal consultation so the automated system disconnected me immediately.

I guess I have to keep track myself as TurboTax can't keep track of a rolling total.

AmyC

Level 15

The 8606 is still in draft mode. It is not yet finalized.The 8606 is expected to be released February 5, 2020. Once released, Turbo Tax will be able to update and incorporate the final version. You can keep track here.

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