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How do I report how much I have left in my IRA on turbotax?

When I did the final check on my return a box popped up asking me the cost basis (?) of my IRA ( the amount that was left in it).  I then decided to check my form again to make sure I copied all of the numbers correctly in my return.  When I did I forgot about reporting how much was left in my IRA  and checked that I didn't want to do - that report how much I had left in my IRA. I had done a minimal distribution of my IRA.  I filed my tax form.  Now I'm thinking I'll have to amend it at some point. How do I get to that- telling how much I have in my IRA- on turbotax? I made this mistake a few years ago. I wasn't thinking clearly due to covid nerves. HELP!
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1 Reply
MarilynG1
Expert Alumni

How do I report how much I have left in my IRA on turbotax?

TurboTax may have generated Form 8606 for you when you entered your distribution info.   Check your copy of your return to verify this.

If so, you won't need to Amend your Return.

 

Click this link for more info on Form 8606, including how to trigger the form if you didn't enter any non-deductible contributions in your return this year and do need to amend. 

 

Since you have already filed, click this link for instructions on How to Amend your 2020 Return

 

Understandable about the covid nerves!

 

 

 

 

 

 

 

 

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