1953649

Can I correct the total basis reported on line 2 of 8606 this year? I have 8606 forms for 4 recent years but failed to add prior years amounts to subsequent year amounts.

Line 14 only shows the most recent nondeductible IRA contribution, instead of the total amount for all recent years. 2020 is the first year that I did a Roth conversion.

posted

Connect with an expert

2 Replies

Can I correct the total basis reported on line 2 of 8606 this year? I have 8606 forms for 4 recent years but failed to add prior years amounts to subsequent year amounts.

You need to file amendments to the incorrectly prepared Forms 8606 that you filed. See the instructions for Form 8606:

https://www.irs.gov/pub/irs-pdf/i8606.pdf

Can I correct the total basis reported on line 2 of 8606 this year? I have 8606 forms for 4 recent years but failed to add prior years amounts to subsequent year amounts.

I figured this out.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

Can I correct the total basis reported on line 2 of 8606 this year? I have 8606 forms for 4 recent years but failed to add prior years amounts to subsequent year amounts.

Can I correct the total basis reported on line 2 of 8606 this year? I have 8606 forms for 4 recent years but failed to add prior years amounts to subsequent year amounts.

Can I correct the total basis reported on line 2 of 8606 this year? I have 8606 forms for 4 recent years but failed to add prior years amounts to subsequent year amounts.

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Can I correct the total basis reported on line 2 of 8606 this year? I have 8606 forms for 4 recent years but failed to add prior years amounts to subsequent year amounts.

Do you have an Intuit account?

Can I correct the total basis reported on line 2 of 8606 this year? I have 8606 forms for 4 recent years but failed to add prior years amounts to subsequent year amounts.

Can I correct the total basis reported on line 2 of 8606 this year? I have 8606 forms for 4 recent years but failed to add prior years amounts to subsequent year amounts.

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert