turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ugetme
New Member

Where does one enter the total value of traditional IRAs at 12/31/2017, so the entire basis at 12/31/2016 is not subtracted using TurboTax Freedom Edition?

Question relates to Form 8606 for 2017.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
dmertz
Level 15

Where does one enter the total value of traditional IRAs at 12/31/2017, so the entire basis at 12/31/2016 is not subtracted using TurboTax Freedom Edition?

Click the Continue button on the Your 1099-R Entries page.  In the follow-up, indicate Yes, you made and tracked nondeductible contributions to your IRA.  After confirming your basis carried in from 2016, TurboTax should present the Tell Us The Value of Your Traditional IRA page where you can to enter your 2017 year-end balance and the amounts of any outstanding rollovers or recharacterizations.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies