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How to fix my previous year basis for traditional IRA?
My 2016 traditional IRA basis is wrong.
I entered the correct value, and turbo tax say "the IRA basis we transferred from 2016 is different from the basis entered. Include a brief explanation of why your IRA basis changed with your return"
Is this enough? is the explanation also sent to IRS?
Or do I need to fix "amend" last year return to correct my trad IRA basis?
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‎June 1, 2019
9:39 AM