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Level 2
March 2, 2021
Question

Roth IRA Basis Tracking Form 8606

  • March 2, 2021
  • 3 replies
  • 7 views

I entered my basis for my Roth IRA but Turbotax didn't create Form 8606 for it. How does it track it and where is a form for it?

    3 replies

    macuser_22
    Alumni - Champ
    Alumni - Champ
    March 2, 2021

    Roth basis is  not tracked on a 8606, only Traditional IRA basis is.

    **Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
    Level 2
    March 2, 2021

    My understanding is it is tracked on form 8606, Part III.  (There is an IRS worksheet to keep track of all IRA cost basis.