topic How do I add a 8806 without having a 1099R. I have 5498. I need to record the fair market value. The form 5498 is the IRS' way of keep track of contributions in Retirement tax questions

How do I add a 8806 without having a 1099R. I have 5498. I need to record the fair market value. The form 5498 is the IRS' way of keep track of contributions

kbwillia49 — Sat, 01 Jun 2019 18:09:43 GMT

If you have not filed, here are the steps (desktop): Ope...

LinaJ2018 — Sat, 01 Jun 2019 18:09:43 GMT

If you have not filed, here are the steps (desktop):

Open up the program if you have not done so
To the right upper corner, in the search box, type in “8606” and Enter
Select Jump to 8606, nondeductible ira contributions
Follow prompts

5498 is not required to file a tax return 5498 is for you...

fanfare — Sat, 01 Jun 2019 18:09:45 GMT

5498 is not required to file a tax return
5498 is for your own information only.

if you are only making a contribution, you do not have to report the year-end value

This was not helpful. I asked how do you go about putting...

kbwillia49 — Sat, 01 Jun 2019 18:09:45 GMT

This was not helpful. I asked how do you go about putting in the 8806, not why I did not need it.

Re: If you have not filed, here are the steps (desktop): Ope...

jlimarzi — Sun, 01 Mar 2020 18:57:32 GMT

THERE IS NO 8806 form in the 2019 Turbo Tax

Re: If you have not filed, here are the steps (desktop): Ope...

Critter — Sun, 01 Mar 2020 20:31:52 GMT

Do you mean form 8606 ?

Re: If you have not filed, here are the steps (desktop): Ope...

Critter — Sun, 01 Mar 2020 20:33:59 GMT

Form 8806 is not supported by TT ... it is a stand alone form and is not filed as part of a tax return.

https://www.irs.gov/forms-pubs/about-form-8806