Form 8606 missing

3 replies
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I took my first RMD from my IRA's in 2024 and had a non-zero basis in the IRA's. Why did Turbotax not generate a Form 8606 for my 2024 return (it did generate one for the 2023 return)?

TurboTax Home & Biz Windows

fanfareAnswer

Level 15

Turbotax is known to lose your 8606 history, you will have to reenter your basis from 2023 form 8606 line 14.

@HaroldJ321

fanfareAnswer

Level 15

Turbotax is known to lose your 8606 history, you will have to reenter your basis from 2023 form 8606 line 14.

@HaroldJ321

HaroldJ321Author

Level 2

After manually entering my IRA basis from my 2023 Form 8606, TurboTax now calculates my 2024 refund to be larger. That makes sense because I should get some credit for past non-deductible contributions to the IRA when I took my distributions in 2024. Unfortunately, I e-filed before I caught this error. What should I do now?

DanaB27

Employee Tax Expert

If your return was already accepted then you will need to file an amended return. Please see How do I amend my federal tax return for this year? It is best to wait until your original filed return has been processed before submitting your amended return.

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