This is missing so many steps and what is in Turbo Tax Premier is not clear at all. There is no mention at all for some of the screens in these directions and the directions in the Turbo Tax app don't make sense. Turbo Tax make the product, this definitely could be more clear and provide screen shots.
Enter or verify the value(ending balance amount) of all of X's traditional IRA accounts on December 31, 2022. This information is sent by mail on Form 5498.
Include any IRA contributions X made or will make in 2023 for 2022.
But Form 5498 contains the information regarding the Roth side of the equation and not the Traditional so the Total amount on Form 5498 on December 31, 2022 is a very high amount that contains ALL of your prior contributions and gains for your Roth. No form contains this information for the Traditional IRA that I see, it's not on the 1099-R. This explanation in Turbo Tax doesn't make sense.
Now if you go to a slightly better version of the directions here, but the screenshost are not all the same as what I see
He tells you that you need to put zero in this field, but that this is really the Traditional IRA that is being referred to and since everything is converted that there is really nothing in your Traditional IRA any longer. But that is not always the case either. My account is actually not quite empty due to some mistakes with my investment firm.
