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

Home Fairmark Forum Retirement Savings and Benefits Can 8606 be prepared differently and be acceptable to the IRS? Reply To: Can 8606 be prepared differently and be acceptable to the IRS?

#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.