☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Mar 27, 2023 12:09:02 PM

8606 Backdoor Roth confirmation and High Deduc Health Plan question

Is there a way to check if the form 8606 is filled out correctly after doing the Roth conversion step? I was able to look at the 1040 summary and saw the IRA contribution and zero taxable amount correctly…but then there was a small amount in the IRA deduction box, which should be zero…so I’m not sure what happened. I tried to query 8606 but can’t go to the form…it just explains what it is.

 

Also - is the question “Are you covered by a HDHP - high deductible health plan as of Dec 1, 2022” just mean any health insurance besides Medicare, Medicaid (Exclusions listed under the question) …or is it only specific plans. I have the 1095-C form that confirms health insurance coverage, but I have not inputted that info anywhere yet.

 

Thanks! TaxDocMama

0 1 657
1 Replies
Expert Alumni
Mar 27, 2023 1:44:01 PM

You can view your entire tax return but if you are using TurboTax online, you will be asked to pay first. 

 

Here are the instructions if you are using TurboTax Online:

  1. Sign into your TurboTax account
  2. Open or continue your return
  3. Select Tax Tools from the menu (if you don't see this, select the menu icon in the upper-left corner)
  4. With the Tax Tools menu open, you can then:
    • Preview your entire return: Select Print Center and then Print, save, or preview this year's return (you may be asked to register or pay first).

If you are using TurboTax CD/Download, follow the steps below:

 

You can preview your return in the TurboTax CD/Download software by following these steps:

  1. With your return open in TurboTax, select Preview from the File menu at the top. (If you don't see "Preview," open your return, not just the program).
  2. In the pop-up window, choose the set of forms you wish to see (all official forms, specific forms, etc.) and select Preview.
  3. Scroll down to view all the forms if you chose to preview multiple forms.

Once you download or print the forms, you can confirm the data on Form 8606.

 

The question “Are you covered by a HDHP plan as of December 2022”, is referring to a high deductible plan with a deductible of at least $1,400 for an induvial ($2,800 for a family). It does not mean any other health insurance besides Medicare and Medicaid. Please review the TurboTax Help article What is a high-deductible health plan (HDHP)? for additional information.