A-Bear
Returning Member

IRA distribution of basis

I/wife are retired. only income was SS and dividend income. i took an IRA distribution from a trad IRA with basis that has been tracked each year within TurboTax. Do I need to file 8606? TT did not automatically take me there. If I enter manually, it increases my tax due. But it should be 100% non-taxable. 1099R showed 1 = 2a but 2b was checked as Taxable Amount Not Determined.

 

Seems like the basis should make distribution 100% non-taxable.

 

thanks for your help.