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Level 3
February 26, 2021
Question

Form 8606 Line 15c

  • February 26, 2021
  • 7 replies
  • 34 views

Has anyone had a problem with line 15c on Form 8606 not calculating?

Thanks,

Joe 

This topic has been closed for replies.

7 replies

Level 2
February 26, 2021

Yes. 8606 Line 15a minus Line 15b -0- does not compute Line 15c ???

Ed

What to do?? I know the answer, but how do I tell the program?

Level 3
February 26, 2021

That is the problem, we know what the amount on line 15c should but it does not compute.

Level 4
February 27, 2021

I filed my own tax return on 2/7 and Form 8606 worked correctly at that time.  It correctly calculated the gross and taxable parts of distributions.  And I had both basis in IRAs and a partial Roth conversion thrown into the mix.  

I just re-opened my return and observed the same problem that you are reporting.  Now it is only showing the taxable part of the Roth conversion as income on the front of 1040.  The taxable part of other IRA distributions is MIA.

This is a MAJOR problem and is in need of a fix pronto.

And I am so disappointed that I am not getting literally thousands more in the form of a refund...

Level 3
February 28, 2021

Agreed it worked fine a week or so ago now 15c is coming up zero.

Level 3
February 28, 2021

Yes, same problem. Spent hours trying to figure out if I did something wrong! Something needs to be fixed.

Level 3
March 5, 2021

PS has corrected  the problem. Form 8606 line 15c will compute correctly once you download the latest update.

Joe