Wongtgc
New Member

Get your taxes done using TurboTax

Same thing happens for 2022.  Even though I followed the instruction to type IRA Contribution Information in the search box and jump to the link and enter the amount of basis.  It will not carry over to do the math.  The software program ignored the basis I entered and treated my distribution as fully deductible.  Very disappointed that I bought a useless software.  I did Form 8606 for 2022 manually.  Nowhere can I override it on Form 1040 can I override it to show the correct taxable distribution amount.