I did a backdoor contribution (contributed to IRA, then convert to roth IRA) in 2024. Filled out all the information correctly, Turbotax accurately characterized my contribution as "nondeductible" and "$0 taxable", but it didnt generate form 8606 automatically. Turbotax said this is a known issue and they're working on it.
Do I need to file the form separately manually or should I wait until Turbotax resolve this issue?
You'll need to sign in or create an account to connect with an expert.
There was an issue with reporting the prior year basis, which has been fixed, but if you entered everything correctly you should have Form 8606 included. Please review the steps below.
To enter the nondeductible contribution to the traditional IRA for 2024:
To enter the Form 1099-R conversion:
To preview your complete return please see Can I print a copy of my return in TurboTax Online before I file it?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
heidi192
New Member
smulumu
New Member
kow15
Level 2
v64checks
Level 1
in Education
v64checks
Level 1