TurboTax bug for 8606? I did backdoor roth (from trad ira to roth conversion) for 2020. It left everything blank for part I and put a few numbers in part II. I'm lost!

[robot9998]

1. contributed 7000 Trad IRA
2. converted to Roth right away with just 7000.02 balance
3. received 1099R
4. entered in TurboTax, TurboTax gives these on 8606 form
part I: all blank (no numbers filled)
Part II:
16: 7,000
17: 0
18: 7,000
It seems wrong that nothing is on Part I.  When I manually fill, I will have the numbers for Part I.

[macuser_22]

That would indicate that you failed to report the $7,000 contribution and specify that it shoukd be non-deductible.    It should be on the 8606 line 1.

Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.

OR  Use the "Tools" menu  (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.

[robot9998]

Thank you for the tip.  After I entered contrbution, now it shows up in Part I.  The problem is that line 8  is still blank.  Line 8 is "Enter the net amount you converted from traditional, SEP, and SIMPLE IRAs to Roth IRAs in 2020. Also enter this amount on line 16........."

[macuser_22 · Accepted solution]

If there is a * (asterisk) next to line 15 then the calculations were done on the "Taxable IRA Distribution Worksheet" instead of the 8606 lines 6-13. This worksheet is described in IRS Publication 590-B worksheet 1-1.

https://www.irs.gov/publications/p590b#en_US_2020_publink1000270091

[Anonymous]

great. I see that. Thanks!