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Deducting after-tax contributions from ira distribution.
In 2007 I rolled my employer 401k into a Fidelity Traditional IRA (retired). The 401k included after-tax contributions of ~33k and the 2007 1099-R shows this amount in box 5. In 2022 I received my first RMD from a non-Fidelity Traditional IRA and their 1099-R (of course) has a blank box 5. After I click the Continue button on the 1099-R Entries page I am never asked if I made and tracked nondeductible contributions to my Traditional IRA nor is there an EasyGuide button? Do I have to wait to withdraw from Fidelity to receive the basis adjustment? Thank you
‎February 5, 2023
10:49 AM