Retirement tax questions


@Joebatters wrote:

Yes, I had an 8606 for 2018 and nondeductible contributions.  My total basis on line 14 was zero.

 

Hmm, so, I should enter zero in box 1 (gross distribution) and 2a (taxable amount) for my 2019 1099-R? 


Were the 2018  contributions on line 1 on the 8606 and did you also have a 2018 1099-R for a 2018 distribution?     The only way a 2018 contribution on line 1 would be zero on line 14 would be if the line 1 contribution  was used to offset the tax on a 2018 distribution on lines 6-15.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**