topic Form 8606 calculations in Retirement tax questions

Form 8606 calculations

theymer — Sat, 09 May 2020 14:30:33 GMT

The TT online version appears to be calculating the taxable amount on form 8606 differently than the download version of TT. Can this discrepancy be explained, or is there a way to view the line item entries in the online version?

Re: Form 8606 calculations

dmertz — Sat, 09 May 2020 14:35:34 GMT

The difference would only be explained by user-entry differences. Both versions use the same calculation engine.

Make sure that you have clicked the Continue button on the Your 1099-R Entries page and made the same entries on each of the pages that follow.

In the online version Form 8606 can only be viewed by downloading the pdf after paying for TurboTax.

Re: Form 8606 calculations

theymer — Sat, 09 May 2020 15:02:17 GMT

The inputs are identical. I checked them twice. The online version calculates a lower taxable amount than the download version. The only way to resolve is to be able to see the 8606 line item entries in the online version. Possible?