@Liam The end of year balance can be used by TurboTax to calculate the taxable amount of your pension distributions received during the year. For instance, if you had an IRA balance at the beginning of the year with all non-deducted contributions of $50,000 and your ending balance was $0, then TurboTax would know that $50,000 of your distributions were non-taxable. If you entered $50,000 for the ending balance, then your taxable distributions would increase by that amount.
So, the ending balance can affect the calculation of the taxable amount of your distributions, even though it is not in and by itself such a determinant.
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