ThomasM125
Expert Alumni

Business & farm

In the section where you enter your Form 1099-B reporting your required minimum distribution (RMD) from your IRA, you be asked if you made any non-deductible contributions to your IRA. When you answer yes to that question, you will be asked what the basis of your IRA is at the end of the previous year and later you will be asked to enter the value of your traditional IRA at end of the current year you are working on.

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