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New Member
posted Mar 5, 2021 10:38:57 AM

Can you advise me as to how I can get back to original posting of the HSA form. There was a note that I would like to review

A note was posted that a certain amount needed to be withdrawn from HSA for 2020 or interest would be charged.

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1 Replies
Level 9
Mar 5, 2021 12:11:14 PM

The HSA worksheet flows to form 8606.  

We'll automatically generate and fill out Form 8606 if you reported any of these on your tax return:

 

  • Nondeductible contributions made to a traditional IRA
  • Distributions from a traditional, SEP or SIMPLE IRA that had nondeductible contributions (excluding rollovers, conversions, recharacterizations, qualified charitable distributions, one-time distribution to fund an HSA, or return of certain contributions)
  • Conversions from a traditional, SEP, or SIMPLE IRA to a Roth IRA
  • Distributions from a Roth IRA (other than rollovers, recharacterizations, or a return of certain contributions)

 

To trigger the 8606 in TurboTax

  1. Open your return if it isn't already open.
  2. Inside TurboTax, search for this exact phrase: 8606 nondeductible ira contributions
  3. Select the Jump to link in the search results.
  4. Proceed through the IRA section, answering questions as you go.
  5. When you reach the screen Any nondeductible contributions to [taxpayer's] IRA? answer Yes, then continue. We'll generate and fill out the 8606 behind the scenes.

If this doesn't answer your question, please come back with more details about your Roth IRA and the documents that you have received to use in  preparing your return.