dmertz
Level 15

Retirement tax questions

Basis is tracked on TurboTax's IRA Information Worksheet, so it would make sense to check that in both your 2022 and 2023 tax files.

 

I say it is easy to inadvertently answer No because that's the default answer TurboTax presents even of the IRA Information Worksheet says otherwise.  All one has to do is click the Continue button once before changing the answer to Yes and TurboTax deletes the information without warning.  (It makes no sense that TurboTax defaults the answer to No when the IRA Information Worksheet says otherwise.)