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lpmatier
New Member

How do I edit my Traditional IRA basis within Turbotax? I entered it incorrectly and need to change it.

When I entered a 1099-R triggered by a Traditional to Roth conversion, TurboTax asked for the Traditional IRA basis.  I entered it incorrectly and need to change it.  There seems to be no option to do that.
1 Best answer

Accepted Solutions
DanaB27
Expert Alumni

How do I edit my Traditional IRA basis within Turbotax? I entered it incorrectly and need to change it.

Please follow these steps to correct your basis:

  1. Login to your TurboTax Account 
  2. Click on the Search box on the top and type “1099-R”
  3. Click on “Jump to 1099-R” and you should see the “Review your 1099-R info” screen
  4.  Click "continue" and continue through the questions.
  5. Answer "yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
  6. Answer the questions about the basis

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
DanaB27
Expert Alumni

How do I edit my Traditional IRA basis within Turbotax? I entered it incorrectly and need to change it.

Please follow these steps to correct your basis:

  1. Login to your TurboTax Account 
  2. Click on the Search box on the top and type “1099-R”
  3. Click on “Jump to 1099-R” and you should see the “Review your 1099-R info” screen
  4.  Click "continue" and continue through the questions.
  5. Answer "yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
  6. Answer the questions about the basis

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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