topic Roth IRA Basis Tracking Form 8606 in Retirement tax questions

Roth IRA Basis Tracking Form 8606

jllong — Tue, 02 Mar 2021 00:02:51 GMT

I entered my basis for my Roth IRA but Turbotax didn't create Form 8606 for it. How does it track it and where is a form for it?

macuser_22 — Tue, 02 Mar 2021 00:09:30 GMT

Roth basis is not tracked on a 8606, only Traditional IRA basis is.

donaldgrote — Tue, 02 Mar 2021 00:17:06 GMT

My understanding is it is tracked on form 8606, Part III. (There is an IRS worksheet to keep track of all IRA cost basis.

jllong — Tue, 02 Mar 2021 00:17:10 GMT

Thanks. When I used a CPA last year, I received a worksheet for determining Roth IRA basis amounts. What do I use now to continue tracking my basis?