No it is not OK. The IRS gets the 1099-R from the payer. What you report must match the 1099-R.
This usually happens for 3 reasons:
1) You failed to enter the 2018 Traditional IRA contribution in the IRA contributions interview and specify that it is to be a non-deductible contribution.
2) You failed to enter the 2017 Tradition in the 2017 contribution interview and make it nondeductible and have a 2017 8606 form showing the carry froward "basis" in box 14.
3) Your total 2018 year ending Traditional IRA value of all existing Traditional IRA accounts was not zero.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
