Was advised I cannot e file my return until an 8606T form is made available on February 15?
I received an RMD from my IRA account in December. Am I required to fill out an 8606T for the 2017 return? If so was the 8606 form modified?
Am somewhat confused as I thought no 8606 was required in years when you do not make a non-deductible IRA contribution?
Thanks for your help
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The 8606 is automatically created when:
1) You make a new non-deductible Traditional IRA contribution.
2) You take a distribution from a IRA that has a after-tax "basis".
3) You make a conversion of a retirement account to a Roth IRA
The 8606 is currently estimated for 2/15/18 but that is subject to change. The IRS just published the paper/PDF 2017 version of the 8606 on Feb 2 and still have not issued the 2017 8606 instructions.
The IRS still must issue the e-file specifications (schema) for the form so e-file providers can program to the IRS specifications, then the IRS must approve TurboTax's version to be sure what TurboTax transmits, the IRS can read, it usual takes 2-3 weeks after that for the e-file version of the final electronic form version to be approved.
The 8606 is automatically created when:
1) You make a new non-deductible Traditional IRA contribution.
2) You take a distribution from a IRA that has a after-tax "basis".
3) You make a conversion of a retirement account to a Roth IRA
The 8606 is currently estimated for 2/15/18 but that is subject to change. The IRS just published the paper/PDF 2017 version of the 8606 on Feb 2 and still have not issued the 2017 8606 instructions.
The IRS still must issue the e-file specifications (schema) for the form so e-file providers can program to the IRS specifications, then the IRS must approve TurboTax's version to be sure what TurboTax transmits, the IRS can read, it usual takes 2-3 weeks after that for the e-file version of the final electronic form version to be approved.
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