☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Aug 25, 2020 10:17:19 AM

I was reviewing my joint return filed July2020. My wife's 8606 form was attached. My form 8606 (with QCD's) was not attached. What do I do?

0 1 714
1 Best answer
Level 15
Aug 25, 2020 7:09:05 PM

QCD are not reported on Form 8606 since QCDs can only come from the portion of your IRA balance that is in excess of your basis in nondeductible traditional IRA contributions.  If you made no distributions other than QCDs, your tax return should not include a Form 8606 for you.

1 Replies
Level 15
Aug 25, 2020 7:09:05 PM

QCD are not reported on Form 8606 since QCDs can only come from the portion of your IRA balance that is in excess of your basis in nondeductible traditional IRA contributions.  If you made no distributions other than QCDs, your tax return should not include a Form 8606 for you.