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Any BASIS for an IRA account funded entirely from liquidation of a Qualified annuity
Would there be any BASIS in an IRA account funded entirely from the proceeds of a Qualified IRA type annuity originally purchased in a SEP IRA account?
The proceeds were initially part of a ROTH conversion in 2010 and changed to a recharacterized contribution on Form 5498.
If NO, please explain. If YES or Possibly, please explain. Thanks
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‎September 28, 2022
6:56 PM