Form 8606

Forum|Forum|1 month ago
April 13, 2026
1 reply
2 views

I'm using backdoor IRA for 2025 and transfer money from traditional to roth account on 4/11. Just spoke with Fidelity agent and the fund wont be available till 4/14 and the tax form might not be generated on time to file the tax.

Does anyone know what is the best way to do this? Should i wait and file the extension to get all the tax form? Thanks!

TurboTax Deluxe Online

MaryK4

Level 15

Because your Roth conversion is occurring in calendar year 2026, you do not need to wait for a 1099-R or file an extension for your 2025 return.

To ensure your 2025 contribution is correctly marked as non-deductible and generates Form 8606, follow these steps in TurboTax:

Enter the Contribution:
- Go to Federal > Deductions & Credits.
- Find Retirement and Investments and select Traditional and Roth IRA Contributions.
- Check the box for Traditional IRA.
Confirm the Amount:
- Answer Yes that you made a contribution.
- Enter the exact amount you contributed (e.g., $7,000).
Indicate it's Non-Deductible:
- TurboTax will ask if you "tracked your basis" or if you want to make this a non-deductible contribution. Select Yes.
- On the screen titled "Tell Us How Much You Contributed," confirm the amount is listed under the "Traditional IRA" column.
Verify Form 8606:
- Before you file, use the Tax Tools > Tools > View Tax Summary > Preview my 1040 method mentioned earlier.
- Look for Form 8606. Your contribution should appear on Line 1, and your total basis (which will carry over to next year's conversion) should be on Line 14.

Important: Since your conversion happens on 4/14/2026, do not enter any conversion information in the 2025 return. You only report the $7,000 contribution.

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thtracAuthor

Level 2

Thanks for your help! In regard to the form, do i click yes to "Did you recharacterize any of the traditional IRA contributions for 2025 over to a Roth IRA contribution?"

dmertz

Level 15

"In regard to the form, do i click yes to "Did you recharacterize any of the traditional IRA contributions for 2025 over to a Roth IRA contribution?""

No. You did a Roth conversion. You did not recharacterize to a Roth IRA.