Question was asked doing turbotax myself about value of my IRA on Dec. 31,2022? I did not answer it and can not fi ng the question again ? did I imagine it?

[sailsal84]

value of Ira on Dec. 31,2022 was asked but I can find it? I did not answer it either?I assum e it related to next years RMD ? or what?

[dmertz]

If you have entered any Forms 1099-R, click the continue button on the page that lists the Forms 1099-R that you have entered.  TurboTax needs your year-end balance if you have any basis in nondeductible traditional IRA contributions and made any Roth conversions or other distributions from your traditional IRAs..

If you made an IRA contribution, go back through the entire IRA contribution section.  TurboTax needs your year-end balance if you have any excess contributions.

[DanaB27]

The question about the value of your IRA on December 31, 2022, will be in the retirement section:

1. Click on "Search" on the top right and type “1099-R”  
2. Click on “Jump to 1099-R”
3. On the "Review your 1099-R info" screen click "Continue"
4. Answer "yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
5. Answer the questions about the basis from line 14 of your 2021 Form 8606 and the value of all traditional, SEP, and SIMPLE IRAs on December 31, 2022.