How can I enter the total value of my IRA accounts for Form 8606?

Kevin109 · ‎April 08, 2026

I followed the AI answer to complete the IRA contribution section but the prompt to enter total IRA value never came up as promised

BillM223

TurboTax normally asks for the total value of your IRA accounts if there is an error situation that results in you being penalized. If you have no penalty, then TurboTax won't ask.

If you made a contribution to your traditional IRA, then the question about the total value of your IRA accounts will appear right after the question about the total basis in your IRAs as of Dec 31, 2024.

If the question does not appear, then don't worry about it, unless you know something about your situation that we don't (certainly possible since we in the Community cannot see your private tax data).

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baldietax

the total value of IRA accounts for Form 8606 is asked in the 1099-R section if you have a distribution or conversion. after the 1099-R input there will be a summary of the 1099-R's you have to click Done or Continue after that to get some more questions about disasters, IRA basis carryover (also asked in the contribution section), and MV of the IRA.