TurboTax desktop is not calculating correctly if I indicate I made my 2024 IRA contribution after Jan 1, 2025 (which I did). I I leave that blank it calculates correct

mdboxberger9 · ‎March 30, 2025

This seems like a bug - and would cost me $$ in overpaid taxes

DanaB27 · ‎April 1, 2025

To clarify, did you take a distribution from the traditional IRA or made a conversion in 2024? If not, then line 4 of Form 8606 isn't filled out. If yes, then the contributions made in 2025 for 2024 are subtracted from the basis since they weren't in the account when you made the distribution/conversion in 2024.

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TurboTax desktop is not calculating correctly if I indicate I made my 2024 IRA contribution after Jan 1, 2025 (which I did). I I leave that blank it calculates correct