I contributed the maximum possible $6k to my Traditional IRA in 2019. My income was too high for this to be a deductible contribution, and my plan was to do a Roth conversion with this. I ended up forgetting to do the conversion in 2019, but my understanding is that this shouldn't be a problem, as you can do the conversion any time afterwards (albeit with taxes on any gains made as part of the conversion). I did the same thing again this year - contributed $6k and then this year I did actually do the Roth conversion of exactly $6k.
The Traditional IRA also has other funds from other conversions and/or rollovers in the past. It was only after this process that I realized that the conversion amount ends up being split between your pre-tax and after tax amounts in the account; you don't get to specify which type of dollars are being converted over, so you end up with a blend, part of it being taxed if you have any pre-tax dollars in there.
When filing taxes this year, Turbotax showed *no* after-tax basis for my IRA, though it should have been $6k because of last year's non-deductible contribution. When I looked at my forms submitted from last year, no 8606 was generated / submitted.
1) When Turbotax told me that my IRA contribution was not deductible in my 2019 return, that means that it is a "non-deductible contribution", which should be reported on 8606 so an after tax basis is established, right? Why did Turbotax not then file an 8606 for me?
2) I spent 4+ hours trying to understand what was going on here because the missing basis caused more of this year's Roth conversion to be taxed than should have. If this is indeed an erroneous omission of the 8606 on Turbotax's part from last year, how do I go about compensation for the error and my time, under the "Accurate / no errors guarantee"?
