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Deductions & credits
If you used TurboTax last year and had a basis (nondeductible traditional IRA contributions) on your 2021 Form 8606 line 14 then this will automatically be carried over to your 2022 tax return. If this isn't correct then you might have to review your 2021 tax return.
Line 12 on the IRA Information worksheet is the amount from line 14 of your 2021 Form 8606 and carried over from the previous year. Line 14 is also carried over from previous years when you entered Form 1099-R for your 401k rollover and answered the follow-up questions.
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March 29, 2023
9:56 AM