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barbredhook
Returning Member

Is the process for generating form 8606 for an IRA Required Distribution working? I can't seem to get it to calculate how much of my RMD is taxable...

I have the 8606 from last year and the help suggests that it will generate that for this year, but it's not happening.  Please advise whether I should expect it to calculate my new 2022 basis and the reduction the taxable amount.  Thank you.

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4 Replies

Is the process for generating form 8606 for an IRA Required Distribution working? I can't seem to get it to calculate how much of my RMD is taxable...

Did you click the CONTINUE button?

barbredhook
Returning Member

Is the process for generating form 8606 for an IRA Required Distribution working? I can't seem to get it to calculate how much of my RMD is taxable...

Yes, I entered continue.  No luck

Is the process for generating form 8606 for an IRA Required Distribution working? I can't seem to get it to calculate how much of my RMD is taxable...

after entering a 1099-R there should be a question as to whether you ever made non-deductible contributions.

barbredhook
Returning Member

Is the process for generating form 8606 for an IRA Required Distribution working? I can't seem to get it to calculate how much of my RMD is taxable...

Armed with the encouragement from this forum that says IT SHOULD WORK, I erased the relevant 1099-R and re-entered it and this time got to the right result.  Thanks all.  Obviously there was a finger check somewhere that I couldn't find. 

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