Where do I find Form 8606?
We'll automatically generate Form 8606 (Nondeductible IRAs) if you reported:
- Nondeductible contributions made to a traditional IRA;
- Distributions from a traditional, SEP or SIMPLE IRA that had nondeductible contributions (excluding rollovers, conversions, recharacterizations, qualified charitable distributions, one-time distribution to fund an HSA, or return of certain contributions);
- Conversions from a traditional, SEP, or SIMPLE IRA to a Roth IRA; or
- Distributions from a Roth IRA (other than rollovers, recharacterizations, or a return of certain contributions).
On the other hand, TurboTax doesn't handle Form 8606 for inherited IRA situations. If any of these 3 situations apply to you, you'll have to download and print Form 8606, manually fill it out (instructions), and include it with your paper-filed return (you won't be able to e-file):
- You received a distribution from an inherited traditional IRA that had nondeductible contributions;
- You transferred an inherited plan account to a Roth IRA; or
- You received a distribution from an inherited Roth IRA that was not a qualified distribution.
For supported situations, you can trigger Form 8606 by doing the following:
- Open (continue) your return if it's not already open.
- Inside TurboTax, search for this exact phrase, including the comma (you can copy/paste from here): 8606, nondeductible ira contributions
- Select the "Jump to" link in the search results.
- Proceed through the IRA interview, answering questions as you go.
- When you reach the screen Any nondeductible contributions to [name's] IRA? select Yes, then select Continue.
Tip: On joint returns, 8606-T stands for "taxpayer" (first person listed on the return) and 8606-S denotes "spouse."