DanaB27
Expert Alumni

Get your taxes done using TurboTax

You will need to enter your basis from your 2021 Form 8606 line 14 ($5,500). Please review the instructions above you can enter the prior year basis either when you enter the IRA contribution (steps 8 and 9) or after you enter Form 1099-R (steps 6 and 7).

 

You should have reported the nondeductible traditional IRA contribution for 2021 on your 2021 return and have a 2021 Form 8606 with the basis on line 14.

 

@jstephenj14 

 

 

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