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March 17, 2025
Question

basis in nondeductiible IRAs

  • March 17, 2025
  • 1 reply
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My spouse and I have a basis in our IRAs. Turbotax created a form 8606 for both of us last year. This year turbotax transferred that data for me but not for my spouse.  How do i get turbotax to use the 2023 data to create a 2024 form 8606 for her.

    1 reply

    fanfare
    March 17, 2025

    when there is no distribution, conversion or non-deductible election, do not file Form 8606.