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?

#5238
Alan S.
Participant

Good point. Upon more research I now think that programs such as TurboTax, HR Block on line, TaxAct, and others just transmit that the Worksheet was applied to the IRS via e filing rather than providing an actual worksheet. No one is reporting on forums that I frequent that the IRS is requesting the actual calculations or a completed worksheet. There are minor differences between tax programs, and always a question whether the taxpayer entered the correct data. I would carefully review the 8606 to make sure that lines 14 and 16-18 are correct if a conversion was the only distribution. If so, no need to be concerned.