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Level 3
March 10, 2022
Solved

No value on line 8. Form 8606?

  • March 10, 2022
  • 3 replies
  • 27 views
On my Online tax return (tax year 2021) there is no value placed on line 8 of my Form 8606.   Turbo tax auto inserted all values on this form.   Do I need to correct this?   I was under the impression that I need to put the full amount that I converted (back door roth conversion).  RE:  8 Enter the net amount you converted from traditional, SEP, and SIMPLE IRAs to
Roth IRAs in 2021. Also, enter this amount on line 16....... Oh, and I now see that line
    Best answer by dmertz

    The asterisks next to lines 13 and 15 are indicating that TurboTax is using Worksheet 1-1 from IRS Pub 590-B to calculate the nontaxable and taxable amounts of the Roth conversion.  Because it's using this worksheet, TurboTax leaves lines 6 through 12 of Form 8606 blank.

    3 replies

    rdodson4Author
    Level 3
    March 10, 2022

    I see that Turbo Tax cut off my explanation.   So, in short.  Lines # 8 and #11 are blank.. Line #13 does have the full dollar amount of my back door Roth conversion. 

    dmertzAnswer
    Level 15
    March 10, 2022

    The asterisks next to lines 13 and 15 are indicating that TurboTax is using Worksheet 1-1 from IRS Pub 590-B to calculate the nontaxable and taxable amounts of the Roth conversion.  Because it's using this worksheet, TurboTax leaves lines 6 through 12 of Form 8606 blank.

    rdodson4Author
    Level 3
    March 10, 2022

    THANK YOU...........👌