@violetroses67 - You don't calculate is yourself but you do need to know if you are qualified to use it and you can provide the amounts to enter.
See IRS Pub 575 page 12 for the simplified method if you have a cost basis in the retirement plan. If you are not sure if you have a cost basis, contact the plan administrator.
(Normally the administrator would provide that information).
<a rel="nofollow" target="_blank" href="
https://www.irs.gov/pub/irs-pdf/p575.pdf">https://www.irs.gov/pub/irs-pdf/p575.pdf</a>
**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.**
