Thanks again.
Apologize for my ignorance. Would you be able to explain to me what total basis means? Is that mean money left in the account? I was checking the IRA information worksheet and realized under traditional IRA there is a section called "Basis carryover as of 12/31/22". Would you be able to explain to me on how that was being calculated? I cleared out my Traditional IRA account to 0 balance by the end of 2022. But somehow TurboTax puts an amount of $1050 in that field. So I am quite confused about that and couldn't figure out how to make that field to 0. Or is it not supposed to be a 0?
Thanks a lot for your help!
@DanaB27
