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Retirement tax questions
I have no “basis”. The 8606s ran down to -0- in 2016. Everything left in my IRA is taxable. I have made no non-deductible contributions nor ANY contributions.
TT still will not enter the $25,000 cash distribution as taxable (not showing on Line 4b) but it is rightly taxing the $100,000 ROTH conversion (shows on Line 4b) and 8606 Part II. PART I is blank but I think therein lies my problem but someone else said “no”.
If you have any other ideas I would welcome them. Thank you.
April 29, 2021
2:57 AM