It seems you have entered the correct information on your 2019 and 2020 returns. The basis on Form 8606 seems accurate. You should have a $7,000 basis from your 2020 Form 8606 carried over as a
prior year basis. What does TurboTax state as a basis from 2020?
You will enter your contribution for 2021 ($7,000) and make it nondeductible and enter your Form 1099-R for the conversion ($14,000 if you didn't have any earnings). Your 2021 Form 8606 should have $7,000 in line 1, $7,000 in line 2, $14,000 on line 3, and then $0 on line 14 since everything was converted in 2021. The 2021 Form 1040 should show $14,000 on line 4a and zero on line 4b if you didn't have any earnings.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
