We'll automatically generate and fill out Form 8606 (Nondeductible IRAs) if you reported any of these on your tax return:
- 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
- Distributions from a Roth IRA (other than rollovers, recharacterizations, or a return of certain contributions)
However, if any of these three situations apply to you:
- You received a distribution from an inherited traditional IRA that had nondeductible contributions
- You transferred an inherited plan account to a Roth IRA
- You received a distribution from an inherited Roth IRA that was not a qualified distribution
then you'll have to download and print Form 8606, manually fill it out (instructions), and print and file your return, as you won't be able to e-file.
To trigger the 8606 in TurboTax
For the four situations listed at the top of this article, you can trigger Form 8606 with these instructions:
- Sign in to your TurboTax account
- Open your return if it isn't already open
- Inside TurboTax, search for this exact phrase: IRA Contribution Information
- Select the Jump to link in the search results
- Proceed through the IRA section, answering questions as you go
- Answer Yes when you reach the screen, Any Nondeductible Contributions to Your IRA?
- Select Continue
- We'll generate and fill out the 8606 behind the scenes
Tip: On joint returns, 8606-T stands for "taxpayer" (first person listed on the return) and 8606-S denotes "spouse."