DanaB27
Expert Alumni

Deductions & credits

Generally, if you show federal carryover for Deductible State and local Taxes it means you paid these taxes in 2022 for 2021 and your CPA didn't deduct this in your 2021 tax return. Therefore you can deduct it on your 2022 tax return because it was paid in 2022.

 

 

No, you do not enter the basis as a contribution but you have the option to track your Roth IRA basis (prior year net contributions) and prior year conversions in the contribution section. TurboTax will ask if you want to track your Roth basis and then you can enter your information in the follow-up question (see instructions above).

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