Do I have to re-file 2015 return when this will have no tax impact? Can I update the information somehow on the 2016 tax return?
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Because you are using the Desktop edition of TurboTax, you will be able to edit your IRA information directly on the worksheet.
To do this:
If you didn't receive a 1099-R and didn't report this rollover in 2015, you won't need to amend your 2015 tax return unless a portion of this rollover included after-tax income. If it was, you will see an increase in the basis corresponding to the amount of after-tax income. In that case, you will need to amend your 2015 return to include Form 8606, Non-Deductible IRAs.
Because you are using the Desktop edition of TurboTax, you will be able to edit your IRA information directly on the worksheet.
To do this:
If you didn't receive a 1099-R and didn't report this rollover in 2015, you won't need to amend your 2015 tax return unless a portion of this rollover included after-tax income. If it was, you will see an increase in the basis corresponding to the amount of after-tax income. In that case, you will need to amend your 2015 return to include Form 8606, Non-Deductible IRAs.
Successfully used these instructions in the desktop version for 2019 taxes. Thanks
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