Hello everyone! I have an issue with how TT online filled out Form 8606 for my spouse for 2021 tax year.
I made a non-deductible contribution to her Traditional IRA ($,6000) in 2022 for tax year 2021 (made before April 18, 2022). I converted the money in 2022 to her Roth IRA ("backdoor Roth"). While filing my taxes online for tax year 2022, TT online says I reported my spouse's IRA basis as $6,000 for 2021 (also appears this way in Form 8606 for my spouse in my 2021 return). The problem is I never got the option to input an IRA basis for 2021 for my spouse's accounts (I assume this was because I contributed said money in 2022, not 2021). I just tried to amend my 2021 return to see if I missed this. Again, the page never appears to enter the basis (it does appear for my accounts though: I made non-deductible contributions in tax year 2021 and converted to Roth in 2021).
Am I doing something wrong here? Do I need to amend my 2021 return to reflect the correct basis for my spouse's IRAs, even though the transactions all occurred in 2022? Or when TT online asks for an "explanation" when I change the basis, can I simply say "TT put this value in; I was never given the option to"?
Hopefully this wasn't confusing. Any help is appreciated!
