AnnetteB6
Expert Alumni

Retirement tax questions

Make sure that the basis in the Traditional IRA has been entered.  You will either see a question about this after you have entered the Form 1099-R reporting the distribution, or you can go to the IRA contribution section to enter that information.

 

Use these steps to get to the section where you can enter the basis:

  • On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
  • This opens a box where you can type in “Traditional IRA” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
  • The search results will give you an option to “Jump to Traditional IRA
  • Click on the blue “Jump to Traditional IRA” link

 

 

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