topic Form 8606 missing in Get your taxes done using TurboTax

Form 8606 missing

HaroldJ321 — Sat, 05 Apr 2025 15:56:33 GMT

I took my first RMD from my IRA's in 2024 and had a non-zero basis in the IRA's. Why did Turbotax not generate a Form 8606 for my 2024 return (it did generate one for the 2023 return)?

Re: Form 8606 missing

fanfare — Sat, 05 Apr 2025 16:15:20 GMT

Turbotax is known to lose your 8606 history, you will have to reenter your basis from 2023 form 8606 line 14.

@HaroldJ321

Re: Form 8606 missing

HaroldJ321 — Sat, 05 Apr 2025 21:59:41 GMT

After manually entering my IRA basis from my 2023 Form 8606, TurboTax now calculates my 2024 refund to be larger. That makes sense because I should get some credit for past non-deductible contributions to the IRA when I took my distributions in 2024. Unfortunately, I e-filed before I caught this error. What should I do now?

Re: Form 8606 missing

DanaB27 — Sun, 06 Apr 2025 13:59:46 GMT

If your return was already accepted then you will need to file an amended return. Please see How do I amend my federal tax return for this year? It is best to wait until your original filed return has been processed before submitting your amended return.