@user17609814231 wrote:
Thank you! I will closely check older returns to see if the basis was from my traditional or Roth IRA. I think it is possible that it was from my traditional.
It doesn't matter to a Roth where the money comes from. Since it is all taxed when deposited (either as a contribution or conversion), and withdrawals are tax-free, the concept of basis is irrelevant to a Roth.
If you have a traditional IRA that has an after-tax basis, that is tracked on form 8606, and if you want to withdraw part of the the traditional IRA tax-free (because you already paid tax on part of the contribution) you need the most recent form 8606. A new one is generated with every tax return that either makes a non-deductible contribution, or withdraws from, or converts from, a traditional IRA.
