@NCperson
My TRAD IRA basis on 12/31/23 was a positive number because I have been making traditional IRA contributions and recharacterizing (in the same year) to Roth the last few years.
Regarding your second question, I think I have seen it in previous years but I did not get those this year. These are the questions I get this year
Is this the repayment of a retirement distribution? No
Tell us how much you contributed $8000
Tell us how much you transferred $8000
Your IRA explanation statement - entered details with dates
Any excess IRA contributions before 2024? No
Any nondeductible contributions to IRA? Yes - made and tracked non-deductible contributions to IRA
IRA Basis - Amount as of Dec 31, 2023
Your income is too high to contribute (warning - seen it in prior years)
You currently have a penalty - $480 (new message not seen in prior years)
Thank you!
