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Level 1
March 13, 2023
Question

I cannot get program to create the Form 8606. Does anyone know why?

Input all IRAs into program and added Value of all IRAs figure.  Will not create Form 8606.  Does anyone know why?
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1 reply

itonewbie
Level 15
March 13, 2023

Follow the instructions in this article.  ProConnect Tax works the same way as Lacerte, which is the engine under the hood:

https://proconnect.intuit.com/support/en-us/help-article/retirement-tax-credits-deductions/form-8606-nondeductible-iras-generating-lacerte/L2m9zXMD1_US_en_US

Just substitute the following:

  • Screen 24, Adjustments to Income: Deductions > Adjustments to Income
  • Screen 13.1, Pensions, IRA Distributions: Income > Pensions, IRAs (1099-R)
---------------------------------------------------------------------------------Still an AllStar