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TurboTax is asking only for years "prior to 2022" for Roth cost basis. IRS Form 8606 instructions says to input cost basis from years 1998 thru 2022 for cost basis.
I had a huge loss in my Roth IRA that I took 100% distributions from in April 2022. In TurboTax, do I also include 2022 cost basis contributions because TurboTax is asking only for years "prior to 2022".
On IRS Form 8606 instructions, it says to input cost basis from years 1998 thru 2022 when calculating cost basis.
On IRS Form 8606 instructions, it says to input cost basis from years 1998 thru 2022 when calculating cost basis.
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‎January 21, 2023
8:02 PM