@SharonD007
When I'm reporting my traditional IRA contribution for 2024, Turbo Tax also asked for my total IRA basis.
I have two traditional IRA accounts and they both have more than $6K each. For 2024, I only contributed to one of the IRA account. I also have not contributed to my traditional IRA since 2021. I checked my 2022 and 2023 1040 filings and they both do not have a Form 8606.
Do I just use the Form 8606 line 14 from my 2021 1040 filing as my total basis for 2024?
