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Incorrect Basis on IRA contributions
Here is my timeline on IRA (post tax) contributions:
2022: contributed 725, basis 725
2023: contributed 1675, basis 2400
2024: contributed 2800, basis 5200
2025: contributed 3700, basis 8900.
TurboTax identifying a taxable amount of 2400.
When TurboTax asks my total basis at the end of 2024 I entered 5200.
Why am I getting 2400 as taxable and how can I fix it? Is it possible it’s only “seeing” 2024 and 2025 basis?
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Thursday