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Get your taxes done using TurboTax
Hello dmertz,
I am using turbotax online version for tax year 2024. TT asked my husband's nondeductible ira contribution cost basis, then asked how much I contributed, instead of asking my total basis, it says, "Income Too High To Deduct an IRA Contribution"... when comes to 8606, my husband has the correct basis from previous years, I have 0 on line 2 "total basis in traditional IRAs", how to fix it? I have spent many hours trying to fix it, but no luck, any ideas?
‎February 28, 2025
1:47 AM