Correct. If you rolled over $13,988 of after-tax basis from the 401(k), after answering Yes that you have basis in nondeductible traditional IRA contributions, click the EasyGuide button, mark the box to indicate that you rolled over funds from an employer plan, then enter the $13,988 of basis acquired from the plan. TurboTax will then prompt you for the required explanation statement for this adjustment to your basis in nondeductible traditional IRA contributions and will include the $13.988 on Form 8606 line 2. Do not just directly enter the $13,988 as basis from previous years because without the required explanation statement because otherwise you will not have provided any information supporting the amount on line 2 (because it did not come from line 14 of a previously filed Form 8606).
