Hi. Is Form 8606 for 2021 available in TurboTax yet? Thanks.
01219
1 Replies
macuser_22
Alumni
Feb 5, 2022 7:44:10 AM
Yes, it has been available for a long time.
You don't normally enter a 8606 itself. It is automatically created when:
1) You make a new non-deductible Traditional IRA contribution. 2) You take a distribution from a IRA that has a after-tax "basis". 3) You make a conversion of a retirement account to a Roth IRA 4) You have distribution from Roth IRA.