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Level 2
June 1, 2019
Question

Why does line 1 on form 8606 on my Premier return show only half of the non-deductible contributions my wife and I made for 2018?

  • June 1, 2019
  • 1 reply
  • 7 views

My wife and I each are over 50 so we made two $6500 nondeductible contributions for 2018 and have it entered correctly in the TurboTax Premier form.  I see only $6500 on line 1 in form 8606.  I have not filed yet until I resolve this since I want to keep track of my basis.

1 reply

Level 2
June 1, 2019

I posted the question about the sum of my and my spouse's non-deductible traditional IRA form 8606 line 1 entry.  I forgot that 2 8606 forms get filed, one for my wife, one for myself.  So no need to answer, the forms are correct.