8606 line 14

[jozzy]

I apologize if I use incorrect terms or I am to wordy but I have done a backdoor Roth since 2015. When going through the steps for 2020 taxes it asked if I have ever tracked non deductible Traditional IRA 2019 or years prior. I answered yes. Next it asked to enter in total basis  as of December 31 2019.  Using my 2019 form 8606, I went to line 14 and entered that number. This is where I have two questions:

1) It said the information I input was different than what Turbo tax had on file, which is frustrating since I have used Turbo tax every year. Why isn't it matching? 

2) Since my ending Traditional IRA  balance is ZERO each year because I contribute and convert the whole amount to a Roth each year, should my total basis 8606 line 14 increase each year? So for example 2015-2019 total basis be $22,500 for my 2019 total basis? Or would it just be $6,000, since I converted the whole amount each year?

I hope that makes sense! Thanks for any help!

Best,

Jozzy

[Mike9241]

line 14 is for basis in traditional IRA's. since you convert each year to ROTHs you have no traditional IRAs and thus $0 basis. 

line 14 is a calculated number so you should not be entering anything on that line. overrides will prevent e-filing

let's say you have no basis in traditional IRAs and in 2020 make a nondeductible $7000 IRA contribution which you convert to a ROTH in the same year 

 form 8606  would look like the following

1) 7000

2) 0

3) 7000

4) 0

5)7000

6) 0

7) 0

😎 7000

9)7000

10)  1.000

11) 7000

12) 0

13)7000

14) 0

[jozzy]

Thanks! Last question. Line 6-12 are blank on my 2019 8606 (again I entered all information and steps turbo tax asked) and then it has info on line 13 &14. Why are lines 6-12 blank?

[Critter-3]

That is correct ... you only needed to use the one section of the form 8606 for the conversion.