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Retirement tax questions
See the third paragraph in my previous reply. The ability to claim (after 2025) a miscellaneous deduction for unrecoverable Roth IRA basis requires that TurboTax know you basis. Because this deduction will be reinstated, it makes sense that the question has not been eliminated from TurboTax for those who have met the requirements for qualified Roth IRA distributions.
‎January 26, 2021
11:40 AM