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Roth IRA Basis shows blank in Turbotax after Backdoor Roth IRA conversion
I contributed to a traditional ira in 2020. I did a conversion of all my Traditional IRA balance over the years into Roth IRA in 2020. Conversion resulted some taxable amount and I filed taxes in 2021 including that as income. I also contributed to traditional ira in 2021 and did a backdoor roth ira conversion immediately after contribution as I heard backdoor roth conversion cannot be done starting 2022. While filing my 2021 taxes I noticed that all my Roth IRA basis is gone in TurboTax.
How can I get back all the Roth basis of the contributions and conversions over the years back in TurboTax?
How do I determine the Roth IRA basis for the Traditional to Roth converted amount that has basis and taxable component?
March 12, 2022
2:45 PM