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.