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Where do I find Form 8606?

by Intuit Updated a day ago

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:

  1. You received a distribution from an inherited traditional IRA that had nondeductible contributions.
  2. You transferred an inherited plan account to a Roth IRA.
  3. 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.

How to trigger Form 8606 in TurboTax

For the four situations listed at the top of this article, you can trigger Form 8606 with these instructions:

  1. Open or continue your return in TurboTax.
  2. Inside TurboTax, search for this exact phrase: IRA Contribution Information.
  3. Select the Jump to link in the search results.
  4. Proceed through the IRA section, answering questions as you go.
  5. Answer Yes when you reach the screen Any Nondeductible Contributions to Your IRA?
  6. Select Continue.
  7. 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."

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