- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
yes Line 1 should be 7000, Line 2 is the carryover basis from 2024
you should go back through the questions again to make sure you entered the 7000 contribution and identified it as non-deductible; there is a question whether you made non-deductible contributions for 2024 or prior and what the basis carryover is, you'll need to zero that out if you entered 7000 there previously.
here are the steps
2 weeks ago