To clarify, did you have a basis on your 2023 Form 8606 line 14? If yes, then this will be carried over to line 2 of the 2024 Form 8606.
If you do not have a basis from the prior year then please delete the entry:
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R”
- On the "Review your 1099-R info" screen click "Continue"
- Answer "Yes" to "Any nondeductible Contributions to your IRA?"
- On the "Let's find your basis" screen delete the entry for "Total Basis of December 31, 2023"
Do you have a * next to line 13/14 of Form 8606? If yes, TurboTax is using the Worksheet from Pub590-B and line 6 to 12 on Form 8606 will be blank (IRS).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
