topic Turbo Tax ERROR 8606 for tax year 2021 in Retirement tax questions

Turbo Tax ERROR 8606 for tax year 2021

madrat45 — Mon, 09 Mar 2026 08:58:26 GMT

After completing all of the recommended fixes to get Form 8606 to populate, Turbo Tax is still "broken". Form 8606 does not appear with my Federal Forms required to file. I want to file my taxes 1x, and preferably by eFile, since I paid for that service. Does anyone have other suggestions?

Thanks in advance for your help.

Re: Turbo Tax ERROR 8606 for tax year 2021

madrat45 — Sun, 06 Mar 2022 17:30:05 GMT

UPDATE: After testing, it will populate the 8606 Form ONLY if you make a contribution for the 2021 tax year. This is different than in years past. Any additional information, would be appreciated. Thank you

Re: Turbo Tax ERROR 8606 for tax year 2021

dmertz — Sun, 06 Mar 2022 18:45:17 GMT

Nothing has changed form many year in TurboTax with regard to the need to include Form 8606. TurboTax has always properly excluded Form 8606 if there was no new nondeductible traditional IRA contribution to report, no traditional IRA distributions to report when you had basis in nondeductible traditional IRA contributions, and you did no Roth conversions.

Re: Turbo Tax ERROR 8606 for tax year 2021

JPBill — Sun, 03 Apr 2022 02:38:47 GMT

I believe TurboTax SHOULD continue Form 8606s so the basis is kept current even through years when no new nondeductible IRA contributions are made. Note: I was able to recover my Form 8606 basis continuity by going, AS DIRECTED, to line 14 on my 2020 Form 8606, but that step should not be necessary. TurboTax should do it automatically.

Re: Turbo Tax ERROR 8606 for tax year 2021

JPBill — Sun, 03 Apr 2022 02:40:56 GMT

Re: Turbo Tax ERROR 8606 for tax year 2021

dmertz — Sun, 03 Apr 2022 12:11:07 GMT

TurboTax follows the IRS instructions that say to include Form 8606 only when there is something new to report. No Form 8606 is to be included in your tax return if it only shows your carryover basis on line 2 and the same amount on line 14.

On the IRA Information Worksheet TurboTax does continue to carry forward your basis. However, if you ever mistakenly answer No to the question that asks if you made nondeductible traditional IRA contributions, TurboTax will silently delete this information from this worksheet. This is the real problem that TurboTax Product Quality should address, but they have elected to do nothing about this.

Re: Turbo Tax ERROR 8606 for tax year 2021

JPBill — Sun, 03 Apr 2022 12:38:52 GMT

" However, if you ever mistakenly answer No to the question that asks if you made nondeductible traditional IRA contributions, TurboTax will silently delete this information from this worksheet. This is the real problem that TurboTax Product Quality should address, but they have elected to do nothing about this."

Exactly, dmertz! Thank you.