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Returning Member
posted Feb 28, 2025 5:38:00 PM

Why am I unable to report my 2024 for 8606 basis?

Filing jointly, online premium version.

 

TT asked my husband's nondeductible ira contribution cost basis, then asked how much I contributed, instead of asking my total basis, it says, "Income Too High To Deduct an IRA Contribution"... when comes to 8606, my husband has the correct basis from previous years, I have "0 "on line 2 "total basis in traditional IRAs", how to fix it?  Thanks!!!!!!

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1 Replies
Expert Alumni
Mar 1, 2025 3:57:44 AM