Hi -
Each year I contribute after tax dollars to an IRA and then immediately rollover to a Roth. I always do this in the same calendar year. Each year I file an 8606 and Turbotax shows the contribution as well as the rollover.
In 2023 apparently it did not deduct the Rollover amount, so as I'm working on my 2024 return it shows a $6,500 basis. It's doing the same error for 2024 and now my basis at year-end is $13,500 ($6,500 + $7,000) - it should be zero.
I tried deleted both the 1099-R as well as the 8606 and repeating it, but have the same thing.
Did something change in 2023 tax year? Based on the instructions on 8606 it looks like my basis should be 0 at the end of the year (the way it's been for over a decade).
