Retirement tax questions

Thank you, I reviewed your return. You didn't enter the basis from your nondeductible Traditional IRA contributions for 2023 on the "Let's Find Your IRA basis" screen. You should have reported the nondeductible Traditional IRA contribution on your 2023 return and have a 2023 From 8606 with the basis on line 14. If you didn't file a 2023 Form 8606 with your original 2023 return then you will have to send it to the IRS now. 

You have to enter this basis from the 2023 Form 8606 line 14 in your 2024 return either during the IRA contribution interview or at the end of the retirement interview on the "Let's Find Your IRA Basis" screen. 

If you made a nondeductible $7,500 contribution for 2023 then this basis on line 14 of your 2023 Form 8606 should be $7,500. When you enter this in your 2024 interview then this basis will appear on line 2 of the 2024 Form 8606.

Note, if you have a * next to line 13 then TurboTax is using the "Taxable IRA Distribution Worksheet" to calculate the nontaxable portion according Pub 590-B and line 6 through 12 of Form 8606 will be blank.