Retirement tax questions

If you used TurboTax Desktop then you should have saved a copy of your tax return on your computer. If you used TurboTax Online then please see How do I access a prior year return?.

To enter your prior year basis you have two options.

Under IRA contributions:

1. Open your return
2. Click on "Search" on the top right and type “IRA contributions”
3. Click on “Jump to IRA contributions"
4. Select “traditional IRA”
5. Answer “No” to “Is This a Repayment of a Retirement Distribution?”
6. Enter the amount you contributed
7. Answer “No” to the recharacterized question on the “Did You Change Your Mind?” screen
8. Answer the next questions until you get to “Any Nondeductible Contributions to Your IRA?” and select “Yes” 
9. Enter the basis amount.

Under the retirement distribution entry 1099-R:

1. Open your return
2. Click on "Search" on the top right and type “1099-R”
3. Click on “Jump to 1099-R”
4. Click "Continue" and enter the information from your 1099-R
5. Answer all follow-up questions
6. On the "Your 1099-R Entries" screen click "continue"
7. Answer "yes" to "Any nondeductible Contributions to your IRA?" 
8. Answer the questions about the basis and value