Is the process for generating form 8606 for an IRA Required Distribution working? I can't seem to get it to calculate how much of my RMD is taxable...
I have the 8606 from last year and the help suggests that it will generate that for this year, but it's not happening. Please advise whether I should expect it to calculate my new 2022 basis and the reduction the taxable amount. Thank you.
04275
4 Replies
fanfare
Level 15
Feb 5, 2023 2:50:02 PM
Did you click the CONTINUE button?
barbredhook
Returning Member
Feb 5, 2023 5:48:25 PM
Yes, I entered continue. No luck
fanfare
Level 15
Feb 5, 2023 6:43:03 PM
after entering a 1099-R there should be a question as to whether you ever made non-deductible contributions.
barbredhook
Returning Member
Feb 6, 2023 7:02:51 AM
Armed with the encouragement from this forum that says IT SHOULD WORK, I erased the relevant 1099-R and re-entered it and this time got to the right result. Thanks all. Obviously there was a finger check somewhere that I couldn't find.