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Retirement tax questions
I need to enter the "unrecovered contributions" for my husbands personal IRA. I have come to understand this is the total amount that we contributed over the lifetime. This IRA is not work related. However, it seems any information I find to assist me in determining exactly what an unrecovered contribution is always refers to a Roth IRA, not a traditional IRA - which we have. Does someone know if it doesn't matter what kind of IRA and am I correct in what an unrecovered contribution is? Thank you to any help you can give.
March 16, 2020
8:35 AM