Turbo Tax is generating form 8606, but I think this is incorrect. I have a traditional IRA and a Roth IRA. The entire contribution to my traditional IRA was deductible.

In 2017, I received distributions from both my Traditional IRA and my Roth IRA (because I returned to school full-time and needed the money).

I didn't make any contributions towards my IRAs in 2017.

I know that all of the money in my traditional IRA is taxable because I didn't pay taxes on any of it. But, 3/4 of the money in my Roth IRA is from after-tax dollars (the other 1/4 is the profit).

Why is Turbo Tax generating Form 8606?

610

Level 15

Jun 5, 2019 4:38:39 PM

Form 8606 Part III is required for any regular Roth IRA distribution that you receive before reaching age 59½ (code J in box 7 of the Form 1099-R).

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Turbo Tax is generating form 8606, but I think this is incorrect. I have a traditional IRA and a Roth IRA. The entire contribution to my traditional IRA was deductible.