Cynthiad66
Expert Alumni

Get your taxes done using TurboTax

First, the 2023 option is NO.  Transactions must be reported in the year it occurred.

 

Calculate your Roth IRA basis by adding up all your contributions and subtracting any distributions you've made. Roth IRA basis comes into play when you make withdrawals from your account that may be subject to taxes or penalties.

 

Estimate as best you can.

 

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