turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

dmaennle
New Member

Working with Form 8606: Line 6. Where do I add the Information about the total value of my IRA's?

Non-deductible IRA contributions are calculated against the total IRA contributions in Form 8606. I am not able to enter this information with the free turbotax edition.
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
DanaB27
Expert Alumni

Working with Form 8606: Line 6. Where do I add the Information about the total value of my IRA's?

Please be aware, TurboTax might use the Taxable IRA Distribution worksheet to calculate lines 13 and 18 (indicated by a *).  If this is the case then lines 6 -12 will be empty on Form 8606.

 

You enter the value of all your traditional/SEP/SIMPLE IRAs after you entered all your Form 1099-Rs. 

 

  1. Click on "Search" on the top right and type “1099-R”  
  2. Click on “Jump to 1099-R”
  3. Click "Continue" and enter the information from your 1099-R
  4. Answer questions until you get to “Tell us if you moved the money through a rollover or conversion” and choose “I converted some or all of it to a Roth IRA
  5. On the "Review your 1099-R info" screen click "Continue"
  6. Answer "Yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
  7. Answer the questions about the basis from line 14 of your 2022 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Working with Form 8606: Line 6. Where do I add the Information about the total value of my IRA's?

Turbotax Free won't support complex forms.

 

one option -

if your 8606 shows no taxable amount, you could e-File without it

then amend on paper to send in the missing Form 8606

 

@dmaennle 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies