I am SO confused about the Traditional and Roth IRA reporting in Turbo Tax. I've been using Turbo Tax since WAY back and I have returns from 2011 to 2018 that progressively show an increase in my Roth basis, but then 2019 is seems to have dropped the prior basis and only reported the 7000 that I put in my Roth that year and still shows as my Roth basis. In 2020 I put another 7k in, but the prior year basis again was not carried forward to it still only showed 7000 total in basis. I retired at the end of 2020 so added no more. Today, doing 2024 taxes, it's still showing 7000 as a basis and it should be more like 93k - should I just fat finger that amount in this year and keep checking it?
For Traditional IRA, I show NO basis reported to IRS ever. So while I never actually opened, nor contributed to a traditional IRA, I had a govt TSP account that I actually rolled over to a JANUS traditional IRA. Should I have reported that IRA? What about my 401k with another company that also rolled over to a Traditional IRA? Should I just total those up and report it this year? Or do I need to go back and so some resubmissions?
