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PA basis of retirement income of inherited IRA
Inherited IRA from uncle and had to take his 2021 RMD in 2021. No other withdrawls made. In the PA form, it asks "enter X's basis of retirement income of $0 received from Vanguard. Basis of retirement income is ___". TT prefilled it with the amount of the gross distribution in box 1. Is that the correct answer?
March 13, 2022
7:06 PM