My form 8606 is not having line 6 calculated, and Turbo Tax is not asking for the value to be entered.

[jcmoor499]

In prior years this information was requested

[DanaB27]

Make sure you checked the IRA/SEP/SIMPLE box when you entered your Form 1099-R. Please click continue after you entered all Form 1099-Rs then you should see the the value question.

1. Click on "Search" on the top right and type “1099-R”  
2. Click on “Jump to 1099-R”
3. On the "Review your 1099-R info" screen click "Continue"
4. Answer "Yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
5. Answer the questions about the basis from line 14 of your 2023 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

[jcmoor499]

Thanks, but the only way I could get it to work was to delete the 1099-R and start over, because the question that would populate line 6 never appeared initially. When I deleted and re-entered, it worked. Now, however the 8606 still shows an error-line 8, where the amount of Roth conversion is supposed to be indicated, is also blank. I assume there is supposed to be a point where this question is also asked, but like before, the question never comes up. Looks like a Turbo Tax glitch to me. Is there any way to notify them?

[DanaB27]

Please follow these steps to enter the conversion if you use TurboTax Online:

1. Click on "Search" on the top right and type “1099-R”  
2. Click on “Jump to 1099-R”
3. Click "Continue" and enter the information from your 1099-R
4. Answer questions until you get to “Tell us if you moved the money through a rollover or conversion” and choose “I converted some or all of it to a Roth IRA”
5. On the "Review your 1099-R info" screen click "Continue"
6. Answer "Yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
7. Answer the questions about the basis from line 14 of your 2023 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

In TurboTax Desktop:

1. Click "Federal Taxes" on the top and select "Wages & Income"
2. Click "I'll choose what to work on"
3. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)" 
4. Answer "Yes" to the question "Did You Have Any of These Types of Income?"
5. Click "I'll Type it Myself"
6. Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
7. Click "Continue" and enter the information from your 1099-R
8. Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account”
9. Then choose “I did a combination of rolling over, converting, or cashing out money.” and enter the amount next to "Amount converted to a Roth IRA account"
10. On the "Your 1099-R Entries" screen click "continue"
11. Answer "yes" to "Any nondeductible Contribution to your IRA?" if you had any nondeductible contributions in prior years.
12. Answer the questions about the basis from line 14 of your 2023 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

[jcmoor499]

I am using the online version. I go to Wages & Income, Here's Your 1099-R Info, edit an already imported  1099-R. Scroll through the selections and questions to check accuracy. Whether I have either manually imported or have Fidelity import the information, I never get to a screen that  says “Tell us if you moved the money through a rollover or conversion”. I have tried deleting the 1099-R and re-entering the info and same problem, the question never comes up. Never any question about conversion.

[DanaB27]

What is your code in box 7? To confirm this was from traditional IRA to Roth IRA? You verify that the IRA/SEP/SIMPLE box was checked? Did you try to enter the Form 1099-R manually (without uploading PDF/ importing)?

If this doesn't fix your issue then it would be helpful to have a TurboTax ".tax2024" file that is experiencing this issue. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Online: 

1. From the left menu select Tax Tools. 
2. Then select Tools below Tax Tools. 
3. A window will pop up which says Tools Center.  
4. On this screen, select Share my file with Agent. 
5. You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number. 
6. Reply to this thread with your Token number and add @DanaB27 . This will allow us to open a copy of your return without seeing any personal information.  

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.

[jcmoor499]

Thank you very much for your persistence with this issue! I have been working on it forever!

Yes, I have tried deleting the 1099-R and redoing with manual entry. Tried this several times, both uploading from Fidelity and doing it manually.

The code in box 7 is 7. The IRA/SEP/SIMPLE box is checked. The gross distribution number in box 1 is a combination of a required IRA distribution and a Roth conversion from the same account.

My token no. is 1290723@DanaB27

[DanaB27 · Accepted solution]

Thank you. I reviewed your token.

Please be aware you are not allowed to convert RMDs. Therefore, you need to ensure you do not apply the whole distribution towards your RMD. 

Please go back to the retirement section and edit the 1099-R with code 7:

1. One the "How much of This Distribution Applied to your December 31, 2024 RMD" screen select "Some of this distribution…". Since this distribution includes the RMD for another IRA account you will need to add the RMD for distribution IRA account plus the RMD amount you entered on the "Total RMD for all other IRAs" screen at the end of the retirement interview. Then enter this amount on the "How much of This Distribution Applied to your December 31, 2024 RMD" screen. 
2. Continue and you will get the “Tell us if you moved the money through a rollover or conversion" screen. Keep in mind you can only convert the amount that was taken in excess of the RMD.

[jcmoor499]

Thank you so much! I think some  of my confusion was that it wasn't always clear whether "this distribution" was referring to the total amount in box 1 of the 1099-R, or the RMD from the account whose number was provided on the form. In my case, the box 1 amount was the total of the RMD from that account, an extra amount to account for the RMD from a managed IRA from Fidelity that I did not draw from (thus no form), and my Roth conversion. Interestingly, I didn't have a problem with this last year. Did the questions change? In any event, I think they could be re-written to be clearer in similar situations. In case they are the same next year, I have copied all the steps and answers to keep in my file so that I won't have this issue again.