Made an excess contribution to my IRA account April 2017. Did not deduct on my 2016 return--plan to list as a non-deductible IRA contribution for 2017. Form 8606 only?

[cbr3711]

Is there anything else I need to do besides fill out Form 8606?  Where do I enter this on TurboTax?

[macuser_22]

Excess to what?  A Roth IRA because of high income?

[cbr3711]

Excess due to high income (bonus for that year). The contribution was to a rollover IRA

[macuser_22 · Accepted solution]

The 8606 is automatically created when a Traditional IRA contribution is entered in the IRA contribution interview section and is either non-deductible because of high income phase out or manually made non-deductible by answering the interview questions.

It is not necessary to amend to report a non-deductible Traditional IRA contribution since the 8606 can be filed by itself if it was not part of your tax return.

Enter the 2016 contribution on line 1.
If you had any other carry-over nondeductible basis from previous years enter that on line 2.
Put the total of lines 1 & 2 on line 3 & 14.

You can download the form and instructions from the IRS.
Form: https://www.irs.gov/pub/irs-pdf/f8606.pdf
Instructions: https://www.irs.gov/pub/irs-pdf/i8606.pdf
Where to mail: https://www.irs.gov/uac/where-to-file-paper-tax-returns-with-or-without-a-payment