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Retirement tax questions
Basis from a nondeductible traditional IRA contribution for 2016 made in 2017 is not available to be applied in determining the taxable amount of a distribution made in 2016. It is only available to be applied in calculating the taxable portion of distributions made in 2017 and beyond.
See Form 8606 Part I.
‎June 4, 2019
9:31 PM