Turbotax not carrying over total basis in IRS Form 8606

majorbyte — Mon, 09 Feb 2026 18:58:57 GMT

I made nondeductible contributions to my traditional IRA from 2007 to 2019. This year I received my first IRA distribution and in calculating my nondeductible contribution total basis, I discovered that Turbotax failed to carry over my total basis from previous years (IRS Form 8606, line 14) to line 2 of the current year. It did file Form 8606 for each year and included the correct nondeductible contribution amount for each year, but according to Turbotax, my final total basis is only what I contributed in 2019. Based on my records, I can calculate my final total basis, but it differs significantly from what Turbotax filed for me in past years. Should I enter the correct total basis amount on my return?

Re: Turbotax not carrying over total basis in IRS Form 8606

RobertB4444 — Fri, 13 Feb 2026 19:20:34 GMT

Yes, enter the correct total basis amount for this year. That will fix your current problem.

The form 8606 should have carried over your cumulative basis each year. It sounds like it was not totaling as it went but just showing each year's basis on the forms. Since you know the total you should enter that now.

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Turbotax not carrying over total basis in IRS Form 8606

Re: Turbotax not carrying over total basis in IRS Form 8606