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Level 3
February 28, 2021
Solved

Form 8606 not tranferring to 1040 line 4b

  • February 28, 2021
  • 8 replies
  • 26 views

I have a retired client that received pension income but also has non-deductibe IRA contributions.  When I entered all of the information the taxable amount from the 8606 would not transfer to line 4b on the 1040.

Called support and spent time with rep who could not find any reason why this was happening.  Said she had to talk to a manager and I asked her to call me back.  Did not get a response so I decided to look at everything again and found the problem is being caused by the Covid distribution information.  This person does not have any covid distributions so I put o in any line that asked for the covid information.  Still did not get an entry so I over rode line 15c on the form 8606 but am hesitant to transmit without talking to support again.

Just wanted to let everyone know if they encounter a similar situation.

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Best answer by Just-Lisa-Now-
Others have mentioned it, looks like its an issue in Basic only

8 replies

Just-Lisa-Now-
Intuit Community Champion
February 28, 2021
Others have mentioned it, looks like its an issue in Basic only
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 3
February 28, 2021

same issue here..needs to be fixed

ykbceAuthor
Level 3
February 28, 2021

And Form 8606 is not available when trying to print out client/preparer returns.  Is there a way to notify Intuit that this is an issue?

Level 3
March 2, 2021

Same situation. 8606 runs through the calculation but doesn't populate the taxable amount and therefore is showing $0 taxable on the return.  This would suck if it was a paying client but it's my father in law's freebie.....so I guess I'll wait for a fix from Intuit.

ykbceAuthor
Level 3
March 3, 2021

Any updates on the problems with Form 8606?  

Just-Lisa-Now-
Intuit Community Champion
March 3, 2021
Noting official, but updates usually happen on Thursdays, hopefully that fix will be included.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
ykbceAuthor
Level 3
March 3, 2021

I can only pray they get this fixed.  Thank you for your reply