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Determining basis of IRA distribution
Hello,
I took a distribution from my traditional IRA during 2024. Over the years I made after tax contributions to this IRA. When calculating the Total value of my 2023 IRAs (in order to determine the portion of the basis I can deduct in 2024), Turbotax says " Enter the total value all of your traditional IRAs, SEP and SIMPLE IRA accounts on December 31, 2024."
Do I include the value of my rollover IRAs as well or JUST the value of my traditional IRA?
THANKS MUCH TO ALL for your help!!
‎April 5, 2025
12:10 PM