Retirement tax questions

 

Unfortunately, completing your recommendations did not change anything.  But I have entered my answers below with "//" next to each of your steps in case they reveal my entries were other than what you expected.  If I do not place a comment about what I entered by one of your lines, it is because I simply implemented your instruction from that line as is.

 

To enter the nondeductible contribution to the traditional IRA:

 

Login to your TurboTax Account 

Click on "Search" on the top right and type “IRA contributions” 

Click on “Jump to IRA contributions"

Select “traditional IRA”

Answer “No” to “Is This a Repayment of a Retirement Distribution?”

Enter the amount you contributed. 

//"0"

 

Answer “No” to the recharacterized question on the “Did You Change Your Mind?” screen

Answer the next questions until you get to “Any Nondeductible Contributions to Your IRA?” and select “Yes” if you had a nondeductible contribution before this tax year.

Enter your basis in the Traditional IRA from your 2023 Form 8606 line 14 (if you had a basis in the prior year)

//"6499"

 

On the “Choose Not to Deduct IRA Contributions” screen choose “Yes, make part of my IRA contribution nondeductible” and enter the amount (if you have a retirement plan at work and are over the income limit it will be nondeductible automatically and you only get a warning and then a screen saying $0 is deductible).

//"based on what you entered you don't qualify for an IRA deduction" is the screen TurboTax gave me

 

 

To enter the Form 1099-R conversion in TurboTax Online: 

 

Click on "Search" on the top right and type “1099-R”  

Click on “Jump to 1099-R”

Click "Continue" and enter the information from your 1099-R

//Please see my original post for what I entered in this 1099R

 

Answer questions until you get to “Tell us if you moved the money through a rollover or conversion" screen and choose “I converted some or all of it to a Roth IRA”

On the "Here's your 1099-R info" screen click "Continue"

Answer "Yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.

Answer the questions about the basis from line 14 of your 2023 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs

//"6499"entered for total TIRA basis as of 12/31/23

"0" entered for TIRA value as of 12/31/24, outstanding rollovers, or recharacterizations

 

Thank you for offering instructions in both TurboTax online and TurboTax desktop.  I only have access to TurboTax online. 

 

 

By this point, given your guidance aligns with what I had already entered, and given those both align with what I've gathered from reading online, I am fairly confident this is a technical problem with TurboTax.  In support of this notion, when I searched back through the over 20 times I've printed out a PDF of my 2024 TurboTax return with various attempts at different entries to get it to work, I found a version that in fact had the 8606 populated correctly / as I expected in my first post (I overlooked this because at the time of that earlier version I was focused on getting a different problem fixed).  The fact that I cannot recreate the output from the earlier version makes me wonder if there is some cookie / setting that got created in one of my earlier version attempts that is not possible for me to now go back and unchange via the TurboTax wizard.  I've already sacrificed enough time on this that even completely deleting the 2024 return and starting over might be worth it if there was no other way and the payment I've already made to get TurboTax to print out the 8606 could be carried over.  Any thoughts on this approach or other ideas?