It seems that your Form 8606 for 2017, 2018, 2019, and 2020 are wrong. For the years 2017-2019 the basis on line 14 should be $0 and for 2020 it should be the contribution amount for 2020 ($6,000).
Do you have the lines 6-12 on Form 8606 filled out or a star next to line 13? Also, if you entered the conversion correctly you should have part II of Form 8606 filled out.
Please review the steps to enter the conversion:
- Click "Federal Taxes" on the top and select "Wages & Income"
- Click "I'll choose what to work on"
- Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)"
- Answer "Yes" to the question "Did You Have Any of These Types of Income?"
- Click "I'll Type it Myself"
- Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
- Click "Continue" and enter the information from your 1099-R
- Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account”
- Then choose “I did a combination of rolling over, converting, or cashing out money.” and enter the amount next to "Amount converted to a Roth IRA account"
- On the "Your 1099-R Entries" screen click "continue"
- Answer "yes" to "Any nondeductible Contribution to your IRA?" if you had any nondeductible contributions in prior years.
- Answer the questions about the basis from line 14 of your 2020 Form 8606 (should be $6,000) and the value of all traditional, SEP, and SIMPLE IRAs
@sureshr
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