DanaB27
Expert Alumni

Deductions & credits

To confirm, you amended your 2022 tax return and now have a 2022 Form 8606 showing your contribution amount on line 14 as your basis (nondeductible traditional IRA contribution)?

 

If yes then you will enter this basis during the interview when you enter your 2023 Form 1099-R:

 

  1. Click on "Search" on the top right and type “1099-R”  
  2. Click on “Jump to 1099-R”
  3. Click "Continue" and enter the information from your 1099-R
  4. On the "Review your 1099-R info" screen click "Continue"
  5. Answer "Yes" to "Any nondeductible Contributions to your IRA?" since you had any nondeductible contributions in prior years.
  6. Answer the questions about the basis from line 14 of your 2022 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

@Raeka 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post