In 2007 I rolled my employer 401k into a Fidelity Traditional IRA (retired). The 401k included after-tax contributions of ~33k and the 2007 1099-R shows this amount in box 5. In 2022 I received my first RMD from a non-Fidelity Traditional IRA and their 1099-R (of course) has a blank box 5. After I click the Continue button on the 1099-R Entries page I am never asked if I made and tracked nondeductible contributions to my Traditional IRA nor is there an EasyGuide button? Do I have to wait to withdraw from Fidelity to receive the basis adjustment? Thank you
I cannot recreate your issue, the screen "Any Nondeductible Contributions to Your IRA?" is coming up for me after clicking Continue on the "Your 1099-R Entries" screen. Please make sure the IRA/SIMPLE/SEP box is checked when entering your Form 1099-R from your traditional IRA into TurboTax. You might have to try to delete and reenter your Form 1099-R.
Thank you. I deleted and re-entered and here are my screens:
Data Entry
Inherit?
RMD Verification
Charity?
HSA?
and then back to summary?
Using TT Premier. I think I have worked around it it by generating an 8606 and using basis.