Your basis is the amount of the non deductible contribution. Any gains is not basis. You enter your 2019 contribution in the IRA contribution section that will create a 8606 form with the basis on line 1. The "enter basis" question asks for *prior* years basis, not 2019 basis.
Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.
OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
