Hello, I'm having issues with the IRA Basis...
Here is a timeline of what I did....
from ~ 3/1/2022 - 2/20/23: My IRA had a balance of $0.02
02/21/23 - Made a NON- Deductible contribution to my IRA
02/21/23 - Converted $6,000 of that to my Roth IRA
My 2023 1099-R has:
Box1: $6000
Box2a: $6000
When TurboTax asks for my IRA Basis, it says to look at my previous years Form 8606..
So I look on my 2022 taxes on Form 8606 line 14, and it says $0.0
Then Turbotax says I must pay taxes on that distribution .. So I'm wondering what am I doing wrong??
Thanks!
