knowbody
New Member

Retirement tax questions

I have a similar situation.  I followed your steps through the final step 10 but it never gives me the opportunity to insert that information.  I also tried going to the tax break section in Turbo Tax- traditional contributions.  It asks for my basis (which I have), but says it is different from what Turbo Tax calculated last year (which is odd because Turbo Tax never prepares a form 8606 for me as it is an inherited IRA).  It asks me to explain why it's different, which I do, then tells me that I don't qualify for the deduction.  What am I doing wrong?  Thank you