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Incorrect 8606 carryover basis
I'm using TurboTax Premier on my Windows desktop. In 2020, I rolled over $37,000 from my IRA and made a $100 QCD. My 1099-R reports the $37,100 distribution with a distribution code 07. My TurboTax 1040 correctly reports the $37,100 distribution on line 4A and a $0 taxable on amount on line 4B. However Form 8606 line 14 reports a $100 reduction (line 14) in my 2019 carryover basis (line 2) despite the fact that there are no entries (nor should there be any entries) on lines 4-13.
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March 17, 2021
9:13 AM