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Deductions & credits
The ending basis will include the contributions you directed to be applied to one tax year during the following tax year. In other words, your 2024 contributions include contributions made for 2024 between 1/1/25 and 4/15/25- so your ending 2024 basis includes them.
a. 2023 ending basis is $16,500
b. 2024 ending basis is $21,500
March 5, 2025
2:27 PM
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