Total Basis in traditional IRA

[hzschw]

Last year I converted some IRA accounts to Roth IRAs. All 1099-R forms had the same amounts in box 1 and box 2a (taxable amount).

I found that TurboTax filled in form 8606 and entered $2400 in Line 2 (total basis in traditional IRA), which was then used to reduce the Gross distribution. Form 1040 now shows line 4b lower than 4a by $2400.

We are both retired and not working and we are not contributing to any IRA.

Where does the Line 2 entry come from? 

Do I need to delete form 8606?

Thanks for any suggestions.

[fanfare]

if you made the max IRA contribution, but your AGI is/was in the phase-out range, some will be non-deductible and that amount is shown on Form 8606.

@hzschw 

What is the last year you made a Traditional IRA contribution?

[hzschw]

I don't remember, probably over 10 years ago or more.

[fanfare]

although it sometimes can get lost, it sounds like TurboTax was able to retain your IRA history up until now.

@hzschw