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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
March 12, 2025
1:23 PM