justlearningParticipantStatus: Other Professional, SpousePosts: 117Joined: 08/15/2017
in February 2018 I made IRA Contributions $5500 for 2017 and $5500 for 2018 tax year. I filed 8606 for 2017 tax year. (Attached) and then moved $11000 to ROTH IRA a few days later.
I got 1099-R from Fidelity and i am plugging the numbers to TurboTax. I am following;
I am having hard time to get line 8-9-10-11 to reflect correctly in TurboTax but the rest of the 8606 looks good. (Attached)
When i look at details of of the forms “Taxable IRA Distributions Worksheet” It does seem like it is taking account line 8-9-10-11.
Anyone having similar problem? or am I just doing it wrong in TT?
Attachments:You must be logged in to view attached files.February 4, 2019 at 2:37 pm MST #188097JBMEParticipantStatus: SpousePosts: 485Joined: 03/26/2018February 4, 2019 at 2:41 pm MST #188101Gamma KnivesParticipantStatus: PhysicianPosts: 163Joined: 06/25/2017
I’m not an expert but it all looks correct. It looks like your taxable is $0 which is the goal. What’s the problem?February 4, 2019 at 4:16 pm MST #188113justlearningParticipantStatus: Other Professional, SpousePosts: 117Joined: 08/15/2017
Does this help?Click to expand…
I reviewed that post as well. It just does not cover late contributions.
I’m not an expert but it all looks correct. It looks like your taxable is $0 which is the goal. What’s the problem?Click to expand…
Looking at the WCI tutorials he has line 8-9-10-11 filled out. Where is TurboTax those fields are not populated. I just want to make sure i am doing correctly.February 5, 2019 at 6:09 am MST #188242archdeluxParticipantStatus: PhysicianPosts: 4Joined: 06/06/2017
Yes, I noticed the same thing. I have the correct numbers and taxable amount of zero, but using turbotax looking at form 8606 lines 8-9-10-11 are blank whereas in the white coat investor example they have the sum of both years (11000). Not sure if this is an issue or not. following to see if anyone has insights.February 7, 2019 at 5:02 pm MST #189079