I contributed to IRA (non-deductible because I don't meet the income requirement), and converted that money to Roth IRA (backdoor conversion). I already have money in a traditional IRA through a 401k rollover. That means that when I do the conversion the pro-rata rule should apply and I have to pay taxes on some of the converted amount. However that is not happening, and I don't see my IRA account value on December 31, 2024 showing up on Form 8606. What could I be doing wrong, or is there a known issue? One thing to note is that I had filled all information in TurboTax first with value on Dec 31, 2024 as 0, and then later went in and updated that value but that does not seem to reflect anywhere (neither in tax refund amount nor on 8606).
