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Form 8606 Question

Joel V
Level 2

I am trying to get line 8 to populate on Form 8606. When I click the line and go to the appropriate 1099-R I scrolled down to line B5 and marked that the entire distribution was converted to a Roth IRA, but line 8 is still not populating on Form 8606. What else do I need to do? 

4 Comments 4
Just-Lisa-Now-
Level 15
Level 15

Are you trying to do a Backdoor ROTH? or just a conversion from a deductible IRA contribution in prior years?  

Does the 8606 show a non-deductible IRA basis?

 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Joel V
Level 2

Conversion, and no non-deductible basis. 

Just-Lisa-Now-
Level 15
Level 15

Yea, its not working here either....are we sure it goes to the 8606 and not just the IRA info worksheet?

I just checked a clients 2021 return and he converted IRA to ROTH and I dont see an 8606 generated, the ROTH basis just gets tracked on the IRA Info worksheet.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
rbynaker
Level 13

I remember having to argue with the software the last time I did this.  Play around with putting 0 in for the IRA basis and/or FMV on 12/31.