dmertz
Level 15

Get your taxes done using TurboTax

TurboTax asks for this in anticipation of two possible situations.  TurboTax needs to know this to determine the penalty if you have an excess contribution in a Traditional IRA for 2019 or to calculate the taxable amount of a traditional IRA distribution or Roth conversion made in 2019 if you have basis in nondeductible traditional IRA contributions.