Form 8606 - Lines 6-12 Not Populating
1

If you have both a distribution from an IRA and contributions to an IRA in the current year, which may not be deductible because of your income level, you will need to use Worksheet 1-1 from IRS Publication 590-B, page 15, when completing Form 8606. This worksheet parallels and replaces the calculations on lines 6 through 12. The TaxAct program will automatically populate this worksheet if it is needed and you will see asterisks next to lines 13 and 15 indicating that the Publication 590-B worksheet is being used.

To view this worksheet in the TaxAct program:

  1. From within your TaxAct Online return, click Print Center in the left column.
  2. Click Custom
  3. Click the checkbox(es) to the left of the item(s) Federal Form 1040 /1040-NR IRA Distribution - Taxable Distributions. You may need to scroll down in the section to locate the item.
  4. Click Print and then click the PDF link. Click the printer icon or the save icon (available when you hover your mouse over the bottom of the PDF form) to print or save the PDF copy. 

Note: If you see a message indicating you have not paid your return fees, click the View/Pay link, which will direct you through the Paper Filing steps. Continue through the screens until you have processed the payment for your product fees and then repeat the steps to print.

  1. Start your TaxAct Desktop program
  2. Click the Forms button in the top left corner of the toolbar
  3. Expand the Federal folder and then expand the Worksheets folder
  4. Click the '+' next to Form 1040/1040-NR IRA Distribution - Taxable Part of IRA Distribution and then double-click the individual worksheet
  5. Click the pink Printer icon above the worksheet to print.  You can choose to send the output to a printer or a PDF document.