Backdoor Roth taxed? Non-deductible contributions to Traditional and backdoored. Basis entered. No distributions received. Roth taxed once enter total value of IRAs.

[jandjunified]

Traditional and SEP have pre-tax contributions in them. Basis tracked for non-deductible. Turbotax taxing almost entire backdoor Roth as if it was a distribution.

[fanfare]

"No distributions received."

In that case there is nothing to be taxed.

@jandjunified