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jforrest888
Returning Member

Form 8606, Line 6

I’m working on Form 8606.

I was able to get the basis entered for Line 2.

However, I was not able to figure-out how to enter the data for Line 6, value of IRA as of December 31, 2021.

Any suggestions??

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1 Best answer

Accepted Solutions

Form 8606, Line 6

there is a screen to enter basis. 

when you click continue it should take you to a screen to enter the year market values

if you right click on the box for the value you can enter detail if you want such as if you have multiple a/c s 

 

View solution in original post

2 Replies
RobertB4444
Expert Alumni

Form 8606, Line 6

Your bank or financial institution that manages your IRA should be issuing you form 5498 for 2021.  That form will show any contributions you made as well as the balance of your IRA as of December 31st.  If you haven't received it already (it's informational and not required in order to file your return.) you should be able to contact whoever manages your IRA and get a copy online.

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Form 8606, Line 6

there is a screen to enter basis. 

when you click continue it should take you to a screen to enter the year market values

if you right click on the box for the value you can enter detail if you want such as if you have multiple a/c s 

 

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