It occurred to me I might not have completed Turbo tax correctly. On the page "Enter 1099-R, line 1, I entered the amount shown on the1099. On line 2a, I entered the same amount, and I checked "Taxable amount not determined."
Several years ago, I entered my basis for this IRS and others. The return contains a completed Form 8606.
My question is, does the program take my basis into account when it computes the tax for this IRA entry? I am hoping I am not being taxed on my original after-tax contribution.
And did I make the correct entries for 2a and 2b?
