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Retirement tax questions
Looking back at the answer previously given with regard to entering the fair market value of all Traditional IRAs, you will see that it was qualified with 'if you have ever made any non-deductible contributions' . . . then the fair market value is needed to calculate the taxable portion of the distribution.
Since you stated that you have never made any non-deductible contributions, you will not need to enter the fair market value of your Traditional IRAs in order for the taxable portion to be calculated.
As you go through the screens in TurboTax there should be a question asking if any non-deductible contributions were ever made. If you answer 'no', then the question about the fair market value should not be asked.
Review the follow-up questions that appear after you enter the Form 1099-R and be sure your answers match your situation.
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