Zero - only if the total 2018 December 31 value of all Traditional, SEP and SIMPLE IRA's that existed are also zero, otherwise the basis must be prorated between the 2018 distribution and remaining value. As long as any IRA exists the basis can never be zero.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
