form 8606 has numbers i have no idea where they came from and don't seem to include the QCD

[suramom]

I've always done the 8606, but this year it's stuck inside the program and i can't figure out where it got it's seemingly random numbers from.  it has the right basis.  I have no idea if it includes the QCD.  Calling turbotax is no help, you have to pay extra to get tax help, buying a new online version.  So they lie in saying you can get tax help.  It makes a difference of $5000 in my taxes, (also inexplicable), so i'm not sure how to find out where they got their numbers from.  Not clear on worksheet.

[dmertz]

QCDs are not to be included on Form 8606 because they come entirely from pre-tax funds in your IRA.  If you made no new nondeductible traditional IRA contributions for 2021, did no Roth conversions and did not make any traditional IRA distributions other than QCDs, your tax return should not include Form 8606.

When entering the Form 1099-R, make sure that you indicate that you had the QCD funds transferred directly to charity and enter the amount.

If your tax return does include Form 8606, the only number that comes from anything other than your own entries is the amount of basis from prior years, shown on line 2.  Everything else is either a calculated number or comes from your entries into this year's TurboTax.

[suramom]

I've taken distributions for many years now, as an old person.  It asks for the amount of distribution and says do not include the amount that was a QCD, so i have to consider it.  They put a number there that does not correspond with either my whole distribution or anything like it.  So i want to know where it came from.  ie. i took $8000 distribution, of which $5000 was QCD.  But they write i took a $10,000 distribution.  So i have no idea why.

[ThomasM125 · Accepted solution]

Line 7 of form 8606 would report the total of your distributions from traditional IRA and similar retirements accounts, less your rollovers and qualified charitable distributions (QCD) and similar non-taxable distributions. So, you should be able to look at that amount and compare it to your distributions, as reported on your 1099-R statements, and determine if the QCD's are excluded, as they should be. 

[suramom]

also, i don't think the 1099Rs have any line for QCD, or i don't recall it.  That's why we do the 8606.  Most of my funds in traditional IRA were non-deductible, jsut a small subset were deductible.  hence the 8606.

[suramom]

i rechecked it all and did find the part where we put the QCDs.  My husband's form is accurate and corresponds to 1099Rs.  Mine does not.  I have 3 "IRA" distributions and no combination of them make the number they put there.  ie. 6500, 3234, 8440 and the number they put is 9100.  After QCD of 5700 i would have put ~12,000.  I guess if it's less, that helps me.  I just want to figure out what they used to get their number.

[suramom]

rechecked again and i finally figured it out.  For some reason the 3200 was not an IRA, although it is a QLAC from the IRA.  Now i can get their figure by subtracting.  Your help got me to keep rechecking until i understood it.  thanks so much.  I know all this stuff, but i guess i got confused.  Now i can submit.!!!