@tylkaw - There is a bug in the 2018 version when doing any Roth conversion.
See this FAQ and sign up to get an email when it is fixed.
<a rel="nofollow" target="_blank" href="
https://ttlc.intuit.com/questions/4510136-on-form-8606-a-traditional-ira-converted-to-roth-ira-net-a...>
What I posted a year ago is not wrong. It says exactally what you are saying.
I said:
"[If you had any other Traditional IRA at the end of 2016, then the nondeductible "basis" must be pro-rated over the current distribution and the total IRA value and only a portion of the Roth conversion will be non taxable and part will be taxable, with the remaining non-deductible basis carrying forward for future distributions. You can never only withdrew the nondeductible basis as long as the IRA exists and has a value more than 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.**
