dmertz
Level 15

Deductions & credits

@macuser_22 , perhaps I see the problem that cfcan is talking about.  When you have no basis carried in from the previous year and made a nondeductible contribution in the current year, if you indicate that you converted any amount to Roth, TurboTax asks for your year-end balance.  However, under these same circumstances if you simply say that you cashed out the entire distribution, TurboTax fails to ask for the year-end balance and completes Form 8606 incorrectly.