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Get your taxes done using TurboTax
After entering my tIRA contributions and the roth conversion, turbotax is still adding 6k to my income and taxing me on it (which is incorrect).
Could this be because my total basis on my 8606 from last year is 0? (I don't quite understand what that means, but I can tell that my last year tax return had the roth backdoor correctly recorded, not sure if the 8606 is correctly reflecting that or not)
Would love to hear any advice, thanks
‎February 1, 2024
7:52 AM