Has the IRS approved TurboTax's Form 8606 for 2022?

[bohica23]

"Please be aware, that you will only need to enter the value of your IRA when you make a conversion or take a distribution from the IRA. The screen will appear in the follow-up questions when you enter your Form 1099-R for conversion or distribution."

In my original message, I did state that I made a Roth conversion in 2022, so I DO have to file Form 8606 just like I have had to do for all my previous Roth conversions.  I have also entered the conversion information into Form 1099-R, but the follow up questions DO NOT come up.  This is where the issue is!

The 2022 Turbo Tax Deluxe is not offering the page Tell Us The Value Of Your Traditional IRA and other follow up questions.

[DanaB27]

I just wanted to make you aware that it won't come up in the contribution section because you stated "on the 2022 Turbo Tax, it skips that last question Tell Us The Value Of Your Traditional IRA and goes to the screen saying Roth IRA Contributions" (indicating you were in the contribution section).

I cannot recreate your error I'm getting the Tell Us The Value Of Your Traditional IRA in the retirement section.

It would be helpful to have a TurboTax ".tax2022" 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 Download: 

1. On your menu bar at the very top, click "Online"
2. Select "Send Tax File to Agent"  
3. Click "Send"
4. The pop-up will have a token number
5. Reply to this thread with your Token number. 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.

@bohica23 

[bohica23]

DanaB27,

Thanks for the replies and your efforts to resolve this issue.

I suspect the .tax2022 file may have gotten corrupted.  Ended up creating a new return, all the screens came up normally and was able to enter the necessary values.

Thanks again

[gran_marianne]

Downloaded TurboTax on 2/18/23.  There is no Form 8606.  IRA basis displays for taxpayer during data entry, but not for spouse.  No form 8606 for either.

[ErnieS0]

Form 8606 is available. You say "IRA basis displays for taxpayer during data entry, but not for spouse." Does your spouse have an IRA basis?

You can use Forms mode to view and/or add basis:

1. Tap Forms in the top right corner
2. Tap Forms in MY Return at the top of the left column
3. Under Search or Browse the list of available forms type 8606 in the search box
4. Highlight Form 8606-S Nondeductible IRAs, then top Open Form
5. Tap QuickZoom on Traditional IRA Value Smart Worksheet between lines 5 and 6 and add your wife's basis on Part III line 12.
6. Tap Step-by-Step in the top corner where Forms used to be to return to the interview mode

[trhe]

Have an IRA with basis kept track on 8606 need to use 8606 to allocate basis on my 1099R income.

[HopeS]

Form 8606 is available, see the steps below on how to enter the information:

1. Sign in to your TurboTax account
2. Open your return if it isn't already open
3. Inside TurboTax, search for this exact phrase: IRA Contribution Information
4. Select the Jump to link in the search results
5. Proceed through the IRA section, answering questions as you go

You can use Form Mode to view or add basis.

Also, review additional information in the link below:

Form 8606

[TAX0823_48]

Has form 8606 been added to on-line software?

[DoninGA]

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@TAX0823_48 wrote:

Has form 8606 been added to on-line software?

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Form 8606 has been available in the online and desktop editions since January 2023.