Retirement tax questions

AnnetteB6,

Thank you so very much for the response which was very helpful. You are correct that you mentioned the "non-deductible" scenario in your previous reply, and I completely missed that instruction. I stand corrected. Thank you.

Unfortunately, though, I still believe TurboTax software is asking me to declare the value of my IRA, and for my situation that question doesn't need to be asked. I've provided step-by-step screen-shots with this reply.

As you can see on image #7, I selected "No" to the question asking if I made or tracked non-deductible contributions, yet the next slide (#8) instructed me to input the value of IRA as of 12/31/2020.

Interestingly, I did not input the value of my IRA and was able to continue processing my 2020 taxes to the point of filing (which I haven't completed yet until this matter is settled). Moreover, I wanted to see how slide #8 affected my return if I did and did not declare the value of my IRA. What I found was regardless whether I input the value of my IRA, or did not provide that information, my refund amount did not change.

It appears, then, that for my situation I am not required to provide the value of my IRA. Unless you instruct me otherwise I will proceed with filing as all other steps of processing my 2020 taxes appear to be in order.

Again, thank you for your patience with me and advice.

mo4150