Yes, you will enter the 2021 contribution to the traditional IRA as mentioned above, and then you can select to make them nondeductible in step 10 (or if you have a retirement plan at work and are over the income limit it will be nondeductible automatically and you only get a screen saying $0 is deductible.
You can verify your entry by looking at line 4b of Form 1040. If you didn't have any earnings before converting it will show $0.
To preview Form 1040:
- Click on "Tax Tools" in the left menu
- Click "Tools"
- Click "View Tax Summary" in the Tool Center window
- Click on "Preview my 1040" on the left
Please be aware, if you have any other traditional IRA, SEP, or SIMPLE IRA without basis then each distribution/conversion will have a taxable part and a nontaxable part since you will have to enter the total value of all of them during the retirement section interview (step 7).
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