Get your taxes done using TurboTax

Sorry, I am still confused. I went to Form 8606 and its instruction. For Line 6 of Form 8606, which is the same as Turbotax Taxable IRA distribution worksheet Line 4, the instruction states clearly to enter of balance on 12/31/2024 from the statements I received in January 2025. That does not include the $8000 I will contribute.