I took my first IRA distribution of $24K and closed that account. Of these funds, $8000 was contributed ($2000 for each tax year (1988, 89, 90, &91). They were non deductible contribution amounts due to income levels. The 1099-R has box 2b checked (Taxable amount not determined). I was trying to reduce my gains associated with the distribution by this amount but can't determine how. I don't believe I owe taxes on the full $24K distribution.
