Gator
Level 2
06-09-2020
08:59 AM
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Best Answer Click here
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Accountant-Man
Level 13
06-09-2020
10:06 AM
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I bet that you can't. Only one 8606 is allowed per taxpayer or spouse.
** I'm still a champion... of the world! Even without The Lounge.
qbteachmt
Level 15
06-09-2020
11:53 AM
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Taxable distribution against basis is already an aggregate %. You don't need to separate by account.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
rbynaker
Level 13
06-09-2020
12:31 PM
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As far as I know, ProSeries still does not support this. That said, what am I missing, why do you need an 8606 for an IRA without basis? You should be able to scroll down on the 1099-Wks and mark that the IRA was inherited.
Rick
