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Visitor I

Non-Deductible IRA to Roth IRA Conversion

I have a traditional non-deductible IRA that I convert to a Roth 1-2 times a year.  This is basically the back-door Roth IRA conversion.

 

TurboTax is continuing to increase my Traditional IRA basis every year as I contribute $5500 to it even though I am reporting the conversion to a Roth.  Do I have to adjust my basis manually and reduce it by the amount I convert every year or should TurboTax be doing that automatically?

 

Thanks.