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New Member
posted Oct 10, 2021 9:40:39 PM

I answered yes on the nondeductible contribution, but turbotax is not showing a value in F8606 line 1?

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1 Replies
Level 15
Oct 11, 2021 12:07:02 PM

Did you enter the contribution in the IRA Contribution interview and made it non-deductible?  You do not enter contributions in the 1099-R interview.

 

Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.

OR  Use the "Tools" menu  (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.