I am still having problems properly taxing my ira earnings. My IRA basis as of December 31, 2019 was in reality $0, because I made a $7000 contribution for 2019 in early 2020 and another $7000 for 2020. (2019 taxes are correct). When I put $0 as my basis it doesn’t tax the $23.64 earned (shown in my 1099r box 1 and 2a as14,023.64) and if I put $7000 as my basis it taxes all $14023.64. If I put $14000 it taxes $16, closer but not correct. If I put anything other than $0 it also makes me provide an explanation. Help!
