topic 8606 roth conversion in Get your taxes done using TurboTax

8606 roth conversion

stech — Tue, 24 Feb 2026 07:05:43 GMT

I converted to Roth GSIRA a non deductible contribution. $7000.

we did Roth IRA conversions of $7000 for myself and $7000 for spouse using non-deductible IRA reported in 2022. How do I enter this amount in Form 8606 in line 16 for both of us. I received 5498

what will be line 6 on 8606

Will this shows up has taxable in Line 4b on 1040?

total net income is above $350K

Re: 8606 roth conversion

fanfare — Wed, 23 Aug 2023 22:43:40 GMT

Since an IRA belongs to an Individual, you must submit two Forms 8606, one with your name/SSN, and one with spouse's name/SSN.

@stech

Re: 8606 roth conversion

fanfare — Wed, 23 Aug 2023 22:47:10 GMT

Since you are converting an IRA with basis, Line 16 will have the amount from Part I Line 8.

@stech

Re: 8606 roth conversion

stech — Wed, 23 Aug 2023 23:14:18 GMT

How do I enter amount in line 8

Right now, I have $7K in Line 1, 3,4, 14.. nothing on Line 16. I know line 8 will flow to Line 16

If I enter values in Line 6, will that calc taxable amount?

Re: 8606 roth conversion

fanfare — Wed, 23 Aug 2023 23:32:10 GMT

Line 6 "value of all your ... IRAs as of Dec 31", is important and required.

Are you doing the manually? or with software?

complete the remaining lines as directed.

@stech

Re: 8606 roth conversion

stech — Wed, 23 Aug 2023 23:43:01 GMT

Software.