Did you enter the traditional IRA contributions in the Deductions & Credits section? This is the part that shows you have basis in the traditional (because you are not taking a deduction for the contribution.
Step 1: Enter the Non-Deductible Contribution to a Traditional IRA
- Open your return if it’s not already open
- Inside TurboTax, search for ira contributions and select the Jump to link in the search results
- Select Traditional IRA on the Traditional IRA and Roth IRA screen and Continue
- Answer No to Is This a Repayment of a Retirement Distribution?
- On the Tell Us How Much You Contributed screen, enter the amount contributed and continue
- Answer No on the Did You Change Your Mind? screen
- Answer the questions on the following screens, until you reach Choose Not to Deduct IRA Contributions. Select Yes, make part of my IRA contribution nondeductible and Continue
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