Skip to main content
March 1, 2025
Question

Why am I unable to report my 2024 for 8606 basis?

  • March 1, 2025
  • 1 reply
  • 0 views

Filing jointly, online premium version.

 

TT asked my husband's nondeductible ira contribution cost basis, then asked how much I contributed, instead of asking my total basis, it says, "Income Too High To Deduct an IRA Contribution"... when comes to 8606, my husband has the correct basis from previous years, I have "0 "on line 2 "total basis in traditional IRAs", how to fix it?  Thanks!!!!!!

    1 reply

    March 1, 2025
    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"