Solved: IRA to Roth Conversion - IRA Basis

soljarag · Feb 19, 2024 5:31:46 PM

Hello, I'm having issues with the IRA Basis... Here is a timeline of what I did.... from ~ 3/1/2022 - 2/20/23: My IRA had a balance of $0.0202/21/23 - Made a NON- Deductible contribution to my IRA02/21/23 - Converted $6,000 of that to my Roth IRA My 2023 1099-R has:Box1: $6000Box2a: $6000 When TurboTax asks for my IRA Basis, it says to look at my previous years Form 8606.. So I look on my 2022 taxes on Form 8606 line 14, and it says $0.0 Then Turbotax says I must pay taxes on that distribution .. So I'm wondering what am I doing wrong?? Thanks!