Reply To: Can 8606 be prepared differently and be acceptable to the IRS?

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February 11, 2020 at 2:48 am #5236
Sasha
Participant

Thank you, Alan. I have a request for clarification after reading your response.

You said “This option is used by several tax programs, and it submits the worksheet to the IRS replacing lines 6-12 of Form 8606.”
Do you mean that other tax preparation programs actually submits the Worksheet 1-1 in Publication 590-B to show their calculations on Lines 6-12?

When I reviewed the preliminary Fed filing, FreeTaxUSA doesn’t include the actual worksheet apart the asterisk and a note “*From Worksheet 1-1 in Publication 590 B” at the bottom of 8606 form. I hope that’s also acceptable to the IRS because its example of 8606 form filing in the Pub.590-B doesn’t show it either. Would you agree?
However, FreeTaxUSA does show that worksheet in a different place so I can save it for my records.

Thank you.