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Retirement tax questions
Actually, my initial query said that I HAVE taken partial distributions from one or more of my IRAs in prior years. Some of those IRAs were funded partially with deductible contributions and partially with non-deductible contributions. So, is my new (adjusted) IRA basis the previous basis minus the portion of prior DISTRIBUTIONS that weren't taxable on last year's form 1040?
‎January 26, 2022
9:22 AM