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Retirement tax questions
I believe TurboTax SHOULD continue Form 8606s so the basis is kept current even through years when no new nondeductible IRA contributions are made. Note: I was able to recover my Form 8606 basis continuity by going, AS DIRECTED, to line 14 on my 2020 Form 8606, but that step should not be necessary. TurboTax should do it automatically.
‎April 2, 2022
7:38 PM