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Get your taxes done using TurboTax
If you didn't make nondeductible contributions in 2020 and therefore you do not have a basis in prior years then you will enter $0 for the prior year basis.
@yduane You might have to answer some questions during the state interview. What is your state?
@sureshr It seems that your 2020 Form 8606 shows a distribution or conversion since it has an entry on line 13. If this isn't correct then you will have to amend your 2020 tax return to correct the 2020 Form 8606.
In the earlier post, you stated that you have been doing backdoor Roth for the past 4 years but your Forms 8606 only show contributions, not conversions. To confirm, you only made contributions in 2017, 2018, and 2019 and didn't convert them until 2021?
Please be aware, that usually with backdoor Roth you make the nondeductible contribution and then convert the funds. Therefore, the basis on line 14 isn't growing like in your case, it is either $0 or only has the last year's contribution as the basis.
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