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TT not carrying forward prior year basis in form 8606
I have a properly filled out form 8606 from 2023 in Turbotax. Why is my form this year showing 0? I would expect TT to pull forward the basis from TY23.
It says if you made any nondeductible contributions in prior years look at your most recent Form 8606. Find the box called total basis and enter the number from that box below.
I'm perplexed why it isn't prepopulating the number that is in that box that I provided in last year's turbotax.
Very frustrating. Does anyone have an explanation? Thanks!
March 14, 2025
8:27 AM