Hi. Thanks for the answer. No, we have never made any nondeductible Traditional IRA contributions. I only need to fill out the 8606 because we had Roth IRA distributions for the first time last year. Part III of 8606 is filled out correctly. I have answered all of the 1099-R questions correctly. No traditional IRA info at all. I had someone from Turbo Tax watch me online yesterday and he couldn’t figure it out either. He transferred me to a supervisor and the call was disconnected. I’ve been on hold twice for over an hour and fifteen minutes (total) and cannot get an answer to why it is populating a cost basis here from zero information. I’ve read the form 8606 instructions many times. Line 1 is not filled out on the form. Line 2 should be $0. Instead it is $950. Interestingly, the $950 on line 2 does not show up anywhere on my tax return. Just on the worksheet. But I don’t want to file the worksheet with line 2 incorrect.
