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New Member
posted Feb 22, 2025 5:18:18 PM

I had a non-deductible IRA contribution for this tax year. How do I add my prior year basis (i.e update form 8606 line 2)?

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3 Replies
Expert Alumni
Feb 22, 2025 5:29:16 PM

After you enter your IRA contributions in the Traditional IRA and Roth IRA input section of Deductions & Credits, you can continue through the interview questions.  You will be asked if you made any nondeductible contributions to your IRA, say yes, and continue through the interview to input your basis.

 

New Member
Feb 22, 2025 5:31:51 PM

I'm using the Mac desktop version of TurboTax and this question is not asked of me. Thus when it generates the form 8606, the prior year basis on line 2 is 0 which is incorrect. How do I get help to fix this if my product is not working?

Expert Alumni
Feb 22, 2025 5:46:44 PM

If the question is not appearing for you, you are being impacted by a current issue our development team is working on.

 

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