@fanfare wrote:
OR
Just leave prior years and start with the original basis on 2025 tax return.
You still have the 8606 name: issue.
reply back if you want a workaround for that.
@frankharry
I am open to being corrected, but if the taxpayer has been making withdrawals since 2021, they can't use the 2019 basis in 2025. They have to account for the intervening years even if they didn't claim the exclusion.
