Contributed to Traditional IRA (Non-deductible) for each of the last few years but just noticed in 2019 TT that line 2 of 8606 - Basis - isn't correct. Not sure why Turbo Tax didn't correctly carry forward the total basis for previous years, that's the reason I use TT on the same computer to carry forward the prior year balances...
Anyway, TT allows me to correct line 2 - basis on the 2019 return but asks for an explanatory statement to include with the amendment since it's different to last year's 8606.
Please can you recommend what brief explanatory statement to include?
