- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
May 25, 2020
3:03 PM