Question

Form 8606 - Lines 6-12 Not Populating

Accepted Answer

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, on page 15 when completing Form 8606 Nondeductible IRAs. 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 Pub. 590-B worksheet is being used.

To view this worksheet in the TaxAct program:

Online Navigation Instructions

From within your TaxAct Online return, click Print Center down the left, then click Custom Print.
Check Federal Form 1040 /1040-NR IRA Distribution - Taxable Distributions. You may need to scroll down in the section to locate the item.
Click Print, then click the PDF link. Click the printer icon or the save icon (available when you hover your mouse over 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 your return fees 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.

Desktop Navigation Instructions

Start your TaxAct Desktop program, then click Forms in the top left corner of the toolbar.
Click to expand the Federal folder, then click to expand the Worksheets folder.
Click to expand Form 1040/1040-NR IRA Distribution - Taxable Part of IRA Distribution, then double-click the individual worksheet.
Click the pink Printer icon above the worksheet to print. You can send the output to a printer or a PDF document.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.