DaveF1006
Expert Alumni

Retirement tax questions

first of all, you must determine if you have a traditional or Roth IRA. 

 

The first question is asking what pretax contributions have you made to your traditional IRA over the years. You should have a 5498 that your trustee sent letting you know what the value of your IRA is.

 

Unrecovered contributions are your entire contributed to all of your Roth IRAs since you started contributing that you haven't taken out as a distribution.

 

The reason that the question is being taxed is to find out if your distribution is taxable or not.

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