How do I know whether I claimed the money in IRA in my tax return

Forum|Forum|6 years ago
March 25, 2020
1 reply
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Here is my situation: Back in 2013, I contributed too much to my Roth IRA. I realized that when preparing the tax using turbo tax. So I re-categorized to traditional IRA. This happened in previous year (2012) as well. And Turbotax prepare the form 8606 for me in previous year. So I thought it would do the same thing for me. Now I realized that the form 8606 is not in the final package of 2013. I know I can resubmit. But my question is: could it because I claimed the amount that being re-characterized to IRA by mistake and that's why Turbo tax didn't have the 8606 for that year? How do I figure out? Thank you!

macuser_22

Alumni - Champ

If you properly recharactorized in 2013 and choose not to deduct the contribution then you should have a 2013 8606 with the non-deductible contribution on line 1. Otherwise if you took the deduction instead then the contribution would be on the 2013 1040 form line 32.

**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.**

tianwaifeixianAuthor

Level 5

Thanks for your reply! I just checked. I do not see 1040 line 32 has any number for 2013. And I do not see 8606 either 😞 How could that happen? is that a bug of turbox tax?

macuser_22

Alumni - Champ

@tianwaifeixian wrote:

Thanks for your reply! I just checked. I do not see 1040 line 32 has any number for 2013. And I do not see 8606 either 😞 How could that happen? is that a bug of turbox tax?

More likely, you failed to indicate in the IRA contribution interview that you recharacterized the contribution. Just file the missing 8606 now with an explanation.

2013 8606 https://www.irs.gov/pub/irs-prior/f8606--2013.pdf

2013 instructions https://www.irs.gov/pub/irs-prior/i8606--2013.pdf

Where to mail: https://www.irs.gov/filing/where-to-file-addresses-for-taxpayers-and-tax-professionals-filing-form-1040

**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.**