ThomasM125
Expert Alumni

Get your taxes done using TurboTax

You need to enter the non-deductible traditional IRA contribution in TurboTax and indicate that it is non-deductible. You need to be careful when answering the questions regarding basis in traditional IRA's in prior years and non-deductible contributions in prior years. Also, you need to enter the correct balance in your IRA at the end of the current year. I think you must be answering one of those questions wrong, they are used to determine the taxation on your distribution when you enter the Form 1099-R.

 

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