1040 - IRA DEDUCTION should be $0 (or 6k) for non-deductible contribution?

[panacea6565]

I am not able to figure out if 8606 is filed by HR block(downloaded tax software) for me for 2020 tax (as I formatted my laptop without backup) and when accessed IRS transcript online, it does not show for 8606.

I check my 1040(from IRS transcript) and I see IRA deduction as $0 (under Adjustment to Income) though I made 6k IRA contribution in May 2021(for 2020 tax).

Q: if a person has IRA contribution and it is non-deductible(as per the criteria). The amount shown under IRA DEDUCTION should be $0 or it should be $6k

[Critter-3]

ZERO ...  the non deductible contribution will be reported on form 8606. 

[panacea6565]

thanks for the reply.

I see it ZERO in 1040.

So can I assume I filed 8606 form, but the IRS online transcript is missing it?

some context:

https://ttlc.intuit.com/community/taxes/discussion/re-backdoor-roth-ira-when-tira-already-has-profit...

[Critter-3]

Only a traditional IRA contribution will be reported on the form 8606 so did you make a ROTH contribution instead ?  

[panacea6565]

It is traditional IRA and I invested for 2020 tax year.
This comment on bogleheads also mentions - that IRS transcript missing 8606 

https://www.bogleheads.org/forum/viewtopic.php?p=3770910#p3770910

irrelevant : when I contributed I was not aware of the eligibility. But when I was filing tax, HR block software told me I am not getting tax deduction (and then google search also told me that I have to pay tax on it). 😥

[Opus 17]

---

@panacea6565 wrote:

It is traditional IRA and I invested for 2020 tax year.
This comment on bogleheads also mentions - that IRS transcript missing 8606 

https://www.bogleheads.org/forum/viewtopic.php?p=3770910#p3770910

irrelevant : when I contributed I was not aware of the eligibility. But when I was filing tax, HR block software told me I am not getting tax deduction (and then google search also told me that I have to pay tax on it). 😥

---

You have the option of paying a fee and requesting a photocopy of your tax return, however, I'm not sure a photocopy exists for an e-filed return.

https://www.irs.gov/forms-pubs/about-form-4506

How to verify if your HRB tax return actually contained form 8606 is something you need to discuss with HRB.

The whole point of form 8606 is to document a non-deductible contribution to a traditional IRA. (It also documents a conversion to a Roth IRA or a withdrawal from a Roth IRA, but I don't think those are at issue here, correct?) Since the 8606 documents a non-deductible contribution, by definition there is no tax deduction for the contribution anywhere on form 1040.    (A deductible IRA contribution would be reported on schedule 1, line 20, but a non-deductible contribution is only reported on form 8606.)

[Critter-3]

If you used H&R Block then you have the ability to either walk into an office  or  log in online to get a copy of the filed return.  Talk to someone at Block. 

[panacea6565]

I created account on IRS to get the 2020 transcripts.
I talked to HRB and they cant help as all of the docs are with me(and I should have taken backup) for downloaded software(offline) they dont have my details.

I am calling IRS since yesterday. hope they can help me. but not able to get hold of them 
I am going to check form-4506 now if it can give me for e-file

I focused on this number form 8606, from my last thread where you guys guided me on what/how to do t-IRA to r-IRA (yes, you are correct I never did any conversion of any kind)

or should I pay 2*$50, and send separate 8606 to IRS (its for both me and my spouse) - will they accept and update the online tax transcripts (even these 8606 might be duplicate)

[fanfare]

Assuming this is the first time, your basis goes on Form 8606 Lines 1,3, 14.

If you decide to file it, do not pay any $50. fee.

It is recommended to attach the Form 8606, only, to Form 1040-X.

Since no dollare amounts are changing on Form 1040-X leave lines 1-23 EMPTY.

In Part III explain why you are filing Form 8606.

If you filed a Joint return there is a taxpayer 8606 and a spouse 8606.

@panacea6565 

[Opus 17]

You can file form 8606 yourself for free, it's not hard. 

[panacea6565]

@fanfan 
yes, this is first time.

So I can file 8606 without any fees? then in which scenario one should send $50 fees and a request to waive off the fees.

Should I attach 8606 to my existing 1040 (the one I downloaded from IRS transcripts) or should I take this latest https://www.irs.gov/pub/irs-pdf/f1040x.pdf ("Use this revision to amend 2019 or later tax returns") or 2020 version https://www.irs.gov/pub/irs-prior/f1040x--2020.pdf

got this (and this is what I need to do) "If you filed a Joint return there is a taxpayer 8606 and a spouse 8606"

[fanfare]

use the correct year Form 8606 for the year you are amending.

On the latest Form 1040-X you write in the the year you are amending.

Use the July 2021 revision of Form 1040-X to amend 2019 and later tax return

You will not be charged if you do it the way I described above.

@panacea6565 

[fanfare]

 You are doing all this just to be safe.

Any professional tax software is going to generate Form 8606 for a non-deductible contribution.

The person doing your taxes would then ask you if you filed any Form  8606 previously. That's important.

Maybe you don't remember such a discussion.

@panacea6565 

[panacea6565]

"Any professional tax software is going to generate Form 8606 for a non-deductible contribution."

Thats what my assumption is. I used HRBlock (though asking question on TT forum). The only problem is I lost my documents(I filed offline using HRB software, and not online) AND IRS transcript does not show form 8606.

But to be on safer side, I will file 1040-X with 8606 twice (one for me and one for my spouse). Hope after sending these docs, I will able to see 8606 also, on the IRS transcripts on my online account @ IRS

[panacea6565]

"In Part III explain why you are filing Form 8606."

does this content make sense?

"We are filing form 8606 for me(ABC) and my spouse(XYZ). Our contribution for traditional IRA are non-deductible for 2020 tax filing, and I am not sure if I filed these forms earlier with my tax return for 2020. When I checked the IRS transcripts on the IRS portal I did not find form 8606 there, so sending them here(attached). Hope I see these forms applied to my and spouse account in IRS online portal"

So I am planning to send one 1040-X and two 8606(one for me and another for my spouse).

And hope after this, I can convert the t-IRA to roth IRA (backdoor conversion to roth IRA)