dmertz
Level 15

Retirement tax questions

Go to Deductions & Credits -> Retirement and Investments -> Traditional and Roth IRA Contributions.  Proceed to where TurboTax asks if you want TurboTax to track you Roth IRA basis and answer Yes.  Proceed a few more pages where TurboTax asks you to confirm your net Roth IRA contribution basis and adjust the amount so that it is correct.  I you also have basis in Roth conversions you can adjust that as well on the subsequent few pages.

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