Moshi
Level 1

2024 Form 8606

TP made a nondeductible IRA contribution of $ 7,000 in 2024 and converted the same $ 7,000 into a Roth IRA in 2024.

F 8606 Line 1 $7000, Line 2  0, Line 3 $7000

Nothing on Line 4 because the contribution was not made from 1/1/25 to 4/15/25

Line 5 (line 3 minus Line 4) should be $7000 but the Intuit ProSeries Professional Version does not show $7000 on line 5, which is wrong.

Lines 6 & 7 are blank as they don’t apply.

Line 8 should show $7000, but Intuit program does not show $7000 on Line 8, which is wrong.

Line 9, Line 11, and Line 13 should show $7000, but the program does not show $7000 on these lines.

Instead, the program shows $7000 on Line 14, which is totally wrong because the IRA basis in 2024 & earlier years is 0. Line 14 should be blank.

Lines 16 & 17 should show $7000, but the program does not show $7000 on these lines. It shows blank in these lines.

I have talked to 6 people in Intuit customer service in past three days and spent at least 6 hours but they can not help getting the correct 8606 form even though all data is entered correctly. They have worked with sanitized files.

Where is the glitch in the Intuit program that it prepares the wrong Form 8606? I entered the same data in the other two programs, and both these software programs prepared a perfectly correct 8606 form. I need an answer from an Intuit Program Specialist ASAP. Thank you.

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