My 2020 8606 has an incorrect total basis (line 14) I erroneously changed it from what TT had and now realize my mistake. Unfortunately, I e-filed the return. Ideas?

Is it important to correct the basis or can I just correct it next year when I do my 2021 return?

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You will not be able to amend your tax return until it has been accepted by the IRS. Please see the TurboTax FAQ here for more information on amending a 2020 tax return.

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Backdoor Roth IRA 2024 - Turbotax is taxing the entire amount of the conversion (which is incorrect - the conversion amount is the same amount as the basis from the non-deductible IRA that I am converting to Roth.

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My 2020 8606 has an incorrect total basis (line 14) I erroneously changed it from what TT had and now realize my mistake. Unfortunately, I e-filed the return. Ideas?

My 2020 8606 has an incorrect total basis (line 14) I erroneously changed it from what TT had and now realize my mistake. Unfortunately, I e-filed the return. Ideas?

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My 2020 8606 has an incorrect total basis (line 14) I erroneously changed it from what TT had and now realize my mistake. Unfortunately, I e-filed the return. Ideas?

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My 2020 8606 has an incorrect total basis (line 14) I erroneously changed it from what TT had and now realize my mistake. Unfortunately, I e-filed the return. Ideas?

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