The contribution for 2016 was reportable on your 2016 tax return. If it was a nondeductible contribution, your 2016 Form 8606 was required to report the nondeductible contribution, resulting in the amount appearing on line 16 to be carried forward to line 2 of your 2017 Form 8606. If you failed to report the nondeductible contribution for 2016 with your 2016 tax return, you need to file the late 2016 Form 8606. Then in 2017 TurboTax, click the Continue button on the Your 1099-Entries page, indicate that you made nondeductible traditional IRA contributions, and make sure that TurboTax shows the amount on line 14 of your 2016 Form 8606 as your basis from years prior to 2017.
As far as your $5,500 contribution for 2017, make sure that you have entered that into 2017 TurboTax under Deductions & Credits.
