Form 8606 input for TaxSlayer:
NOTE: You
must create a Form 8606 in TaxSlayer so that it's included in the tax return!
(Federal Section > Deductions > Adjustments > Nondeductible IRAs)
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Total basis in traditional IRAs |
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Contributions made from January 1 through filing deadline in 2018 |
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Total value of all traditional, SEP and SIMPLE IRAs as of December 31, 2017 |
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Outstanding rollovers |
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Traditional IRA distributions (reported on form 1099-R) received during 2017 |
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Net amount converted from traditional, SEP and SIMPLE IRAs to Roth IRAs in 2017 |
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Form 1099-R taxable amounts for TaxSlayer:
Return to the IRA distribution 1099-R forms and change the TAXABLE AMOUNT to that shown in the table above.
(You can actually distribute the total taxable amount to one (or more) of the 1099-R forms in any way you wish.)
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Taxable amount from Form 8606 |
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QCD exclusion amount |
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Also, check the QCD box in Nontaxable Distributions
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If an IRA contribution was made check Schedule 1 to see if it was limited by AGI.
If so, re-run this worksheet with that option checked since it will affect the results.
Then, click the Optimize button to get the optimal results.