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posted Feb 20, 2025 8:41:03 AM

Form 8606: Issue with carrying forward basis from two years ago (?)

Last year (2023) I did not have an 8606 form (Nondeductible IRA's).  I did have a 8606 for 2022.

This year 2024, Turbo Tax did not access the 2022 8606 in order to carry forward the basis.

I had to do this (enter) manually.   It is a good thing I checked-- and entered the basis manually onto the 2024 Form 8606.  That helped my refund.

 

Also note-- I have Turbo Tax 2023 2022, 2021 files on the same computer all these years.

 

Is this an error/omission in Turbo Tax? It would be helpful if Turbo Tax could access the next backward availabe prior year, if a year without a Form 8606 occured. 

 

Thanks!

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1 Replies
Level 15
Feb 20, 2025 9:14:32 AM