Thankyou fanfare and dmertz
Wow, so complicated.
For your consideration and response..
TurboTax Show Me How To Do This states - Often your plan administrator, broker, banker, etc. has this information. If not, calculate this on ""Form 8606, Nondeductible IRAs""
As the "spouse/administrator", I know what is left of the after tax contributions from my wife's form 8606 for 2022.
On the CD desktop version of TurboTax for 2023 it's very easy to enter all the data including name, year of death, and the taxable amount that carries to TurboTax Line 2a on the form 1099-R
Won't that work to apply to my daughters inherited IRA?
Separately - My original question was not addressed:
Since I have entered the non-deductible contributions on the 2023 return, how will TurboTax handle this in future years? Will TurboTax recognize that I have entered it already?
I.e. assuming the non-deductible contributions have been applied to the 2023 return, they are not applicable to another year. Do I understand this correctly?
Thanks in advance
