Thank you for your response.
I understand from the example you provided how the excludable amount of a QCD can be reduced by IRA contributions, however that does not answer my question.
My question is why was my IRA basis reduced as indicated on The IRA Information Worksheet? And, why was it reduced by the same amount ($4050) as the QCD I claimed in 2020.
Further, if my IRA basis was reduced why was no 8606 generated by TurboTax?
In 2020 I did the following:
Took an IRA distribution of $15033.46 in April.
Returned $15033.46 to my IRA in May
Throughout the year made QCD’s totaling $4050
