I entered all my data into Turbo Tax Premier including my cost basis for my IRAs. I am just reviewing my data but cannot find it in Turbo Tax. I just want to review all the data is correct. When in the tool, what do I click on to find the cost basis for IRA that I entered? Thank you.
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This should be in the Wage and Income section under the Retirement plans and Social Security section. Revisit this section and go through the interview questions until you reach the screen where it asks for your cost basis amount.
This could also be under the deductions and credits section under the Retirement and Investments section. You will also want to revisit this section and go through the interview questions until you see the screen where it asks for your cost basis amount.
For traditional IRAs, the amount should also appear on Form 8606. With online, you can't see the form without paying the fees.
I went thru the entire process again, screen by screen but never saw the line for cost basis. I know I entered it originally - now I'm just trying to review everything I entered for accuracy. Any thoughts? I'm using TT Premier on a Windows laptop.
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