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Investors & landlords
In most cases 2b is checked for IRAs because the custodian can't know if you have other IRAs with a basis.
If by chance you did have a basis, and you've closed ALL your IRAs. then that basis is tax-free.
when you tell TurboTax you don't track basis, it will be all taxable.
the 2% misc deduction for attorney fees is no longer available to itemizers.
‎April 15, 2020
9:42 PM