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Retirement tax questions
Q1 No, your basis is only the nondeductible traditional IRA (after-tax) contributions that are left in the traditional IRA.
Q2 When TurboTax for Tax Year 2022 asks "total basis as of December 31, 2021" you would generally enter the amount listed on your 2021 Form 8606 line 14 (nondeductible traditional IRA contributions). Please see line 2 instructions for details.
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‎April 10, 2023
10:24 AM
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