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How do I edit my Traditional IRA basis within Turbotax? I entered it incorrectly and need to change it.

Forum|Forum|5 years ago
February 13, 2021
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When I entered a 1099-R triggered by a Traditional to Roth conversion, TurboTax asked for the Traditional IRA basis. I entered it incorrectly and need to change it. There seems to be no option to do that.

TurboTax Premier Online

Best answer by DanaB27

Please follow these steps to correct your basis:

Login to your TurboTax Account
Click on the Search box on the top and type “1099-R”
Click on “Jump to 1099-R” and you should see the “Review your 1099-R info” screen
Click "continue" and continue through the questions.
Answer "yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
Answer the questions about the basis

D

DanaB27Answer

Please follow these steps to correct your basis:

Login to your TurboTax Account
Click on the Search box on the top and type “1099-R”
Click on “Jump to 1099-R” and you should see the “Review your 1099-R info” screen
Click "continue" and continue through the questions.
Answer "yes" to "Any nondeductible Contributions to your IRA?" if you had any nondeductible contributions in prior years.
Answer the questions about the basis