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Why when I enter an after tax Ira contribution from form 5498 does my refund go down?
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Until you enter your year-end value in traditional IRAs, TurboTax assumes that the year-end value is zero, resulting in an incorrectly high amount for the nontaxable portion of your traditional IRA distributions and Roth conversions. Once you provide the correct year-end value, TurboTax can do the correct calculation on Form 8606 Part I.
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