Because you are using the Desktop edition of TurboTax, you will be able to edit your IRA information directly on the worksheet.
To do this:
- Open your return and click on the Forms icon at the top of the page.
- Search for the IRA Info Wks (IRA Information Worksheet).
-
Scroll down to Part I Traditional IRA or Part II Roth IRA, depending upon which type yours is.
- For a traditional IRA, beside Quickzoom to enter beginning basis and adjustments, click the Quickzoom button.
- You will now be able to adjust your basis and deductible balance for 2015, as reported on your Form 5498.
If you didn't receive a 1099-R and didn't report this rollover in 2015, you won't need to amend your 2015 tax return unless a portion of this rollover included after-tax income. If it was, you will see an increase in the basis corresponding to the amount of after-tax income. In that case, you will need to amend your 2015 return to include Form 8606, Non-Deductible IRAs.
