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Traditional IRA Value as of 12/31/24
I have used TurboTax for many years and have filed form 8606 without disclosing the value of my IRAs. This year was the first year that I had a distrbution from one of my traditional IRAs. I again skipped the question about the value of my IRAs as I had done for many years. But this year that created an error. Unfortunately, TurboTax did not alert me to the error as I thought it should have. Since I answered that I had received a distribution from an IRA, why didn't TT notice that the line asking for the value of my IRAs was blank and flag that for me? I think TT should fix this. I don't think I'm the first person to experience this. TT does a nice error search at the end of inputting the federal data, but it only give you a false sense of condidence that there aren't any errors....