3528272
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

applebanana101
Returning Member

TurboTax skipped my Form 8606 Cost Basis Line 2 - is this a bug? Can I file?

I finally have all my info inputted into TurboTax Online and am ready to file.

 

However, there seems to be a bug in the software - It captured my husband's total cost basis for Line 2 on form 8606 (married filing jointly), but the software did not compute MY cost basis even though I'm carrying over a basis from 2023 and made an additional contribution for 2024.

 

The calculation of my cost basis has no effect on my tax owed but I want the form to be correct. What should I do? Should I file electronically, then mail an amended form 8606 with the correct total cost basis?

 

Thank you

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

TurboTax skipped my Form 8606 Cost Basis Line 2 - is this a bug? Can I file?

If you both have basis in IRAs, you have two Forms 8606 to manage.

Did you make a non-deductible contribution, ?

 

a regular contribution that is deducted is not reported on Form 8606.

 

@applebanana101 

applebanana101
Returning Member

TurboTax skipped my Form 8606 Cost Basis Line 2 - is this a bug? Can I file?

yes, we both made nondeductible contributions for 2024.  both of us have previous cost basis, but TT only asked my husband's cost basis, and skip the cost basis question for me.  

DanaB27
Expert Alumni

TurboTax skipped my Form 8606 Cost Basis Line 2 - is this a bug? Can I file?

Please see Why am I unable to report my 2023 for 8606 basis?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question