qbteachmt
Level 15
03-18-2021
10:30 AM
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By having an event that makes it reportable on that form; not everything is reportable on that form.
"Basically, you must file Form 8606 for every year you contribute after-tax amounts (non-deductible contributions) to your traditional IRA. Conversions from traditional, SEP, or SIMPLE IRAs must also be reported on Form 8606. Additionally, you must file the form every year you receive a distribution from your Roth IRA or your traditional IRA if you ever previously contributed after-tax amounts. "
Lacerte help article: https://proconnect.intuit.com/community/individual/help/individual-form-1099-r-frequently-asked-ques...
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers