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Get your taxes done using TurboTax
new money = excess basis. hope that makes sense. if you was to opt OUT, then rollover basis + excess basis = new total cost basis of which you allocated per IRS guideline for each of 2 replacements. good luck.
you mention you are Opt IN, so no election needed. you continue rollover basis over the remaining years left from original 27.5y. and excess basis starts on 27.5y.
‎April 10, 2022
10:43 PM