Help me here! Pro rata means proportionally. 50% pretax...means 50% post-tax. 20% pretax mean 20% post tax. Take $11000 add it to $160,697 you get $171,697. 11000/171697=0.0641 or 6.41%. 6.41% of $7947 is $509.41 That is not taxable... the rest or $7437.60 is taxable. This is supposed to be pretty simple....Going through Turbo tax this year I have found Turbo tax is taking my NEW basis....that is the number after it calculates what is not taxed ….subtracts it from my old basis and is adding it to my taxable income. To make matters worse.....I looked at last years (2019) and it did the same thing...I have been doing Roth conversions for years and am not sure how far back this goes. in 2018 my non deductible (previously taxed) basis was $1194..then in 2019 It did the pro rata calculation and lowered my basis to $908. It did this by doing the calculation as outlined above....again pretty simple. Shown on a worksheet in turbo tax itself.... It then added the $908 to my taxable income for 2019...so in short, I paid taxes on the $1124 already...then in 2019 paid taxes on $908 of it AGAIN!! now... in 2020, while doing the taxes the pro-rata calculation lowered my basis from $908 to $771...and then added the $771 to my taxable income ... ...meaning I will pay taxes on $771 of the 2018....original amount of $1124...yet...AGAIN. As I stated...I am not sure how far back this goes so maybe someone can help answer what is going on here? HELP
