If you have a non-deductible "basis" in the IRA then it must be prorated between the 2020 distribution and remaining market value of ALL Traditional, SEP, and SIMPLE IRA accounts that existed at the end of 2020.
You only have ONE IRA but can have as many IRA accounts that you want, but the IRA is the aggregate total of all accounts.
**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.**
