ausfaht
New Member

Retirement tax questions

I see it now in the IRA worksheet.  It shows a "Basis for 2016 or earlier years" of $6,500."  I did have contributions that were not deductible in earlier years.  So it appears the difference between the $8,000 2017 distribution and the earlier $6,500 basis is the $1,500 taxable amount.  So my line 15b is defendable.  Thanks everyone for all your help here.