I have a w/d from a Reg IRA that includes a small piece of non-deductible IRA's. The program no longer has questions that will do the comp of the non-taxable piece?

Forum|Forum|1 year ago
February 21, 2025
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Last year the step-by-step had questions that calculated the non-taxable component of the IRA w/d and generated Form 8606. This year those same questions are missing on the Delux version.

Best answer by DanaB27

Thank you for the info you sent. However, after I scroll to Retirement Plans and Social Security and then click "Update" (there is not an Add/Edit button at this point), the next screen shows "Your 1099-R entries". It does not show "Review Your 1099 Info". If I then click "Edit" on the 1099-R that contains some non-deductible IRA's there are still no questions relating to the basis from my 2023 Form 8606. I had this same situation in 2023 and had no issues as I was prompted with the questions relating to my basis in non-deductible IRA's. Not sure why it's not doing the same thing this year.

Depending what version you are using the screen showing all of your Form 1099-R entries is titled "Your 1099-R entries" or "Review Your 1099 Info". On this screen you will need to select "continue" and then you should get a question about disaster distribution, after this you should get the "Any nondeductible Contributions to your IRA?" screen. If you do not get this screen then you are affected by the issue mentioned in Why am I unable to report my 2023 for 8606 basis? Please sign up to receive updates on the issue.

DanaB27

There was an issue that some customers were missing the prior year basis question but this has been fixed. Please revisit the retirement section. If you are using the Desktop version please make sure you updated the software.

Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R”
On the "Review your 1099-R info" screen click "Continue" after entering all Form 1099-R
Answer "Yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
Answer the questions about the basis from line 14 of your 2023 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

If you are still experiencing issues after this please comment so we can help you solve this issue.

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jimckelly96Author

When I click on the search button, as instructed it attempts to connect me to digital assistant. At that point, the screen just continuously buffers. So I'm not sure what to do next. Have tried this several times.

DanaB27

Please try these steps:

Click "Wages & Income" (under Federal) on the left
Scroll down to "IRA, 401(k), Pension Plan (1099-R)" and click "Add/Edit"
On the "Review your 1099-R info" screen click "Continue"
Answer "Yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
Answer the questions about the basis from line 14 of your 2023 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs