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Level 1

Are 2017 Roth contributions counted towards basis when we took out a 2016 Roth distribution? we used all our basis (py contributions) in previous distributions.

we are only 45 years old,

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Level 7

Are 2017 Roth contributions counted towards basis when we took out a 2016 Roth distribution? we used all our basis (py contributions) in previous distributions.

No, the 2017 contributions will not count for the basis on the 2016 distribution. 

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Level 7

Are 2017 Roth contributions counted towards basis when we took out a 2016 Roth distribution? we used all our basis (py contributions) in previous distributions.

No, the 2017 contributions will not count for the basis on the 2016 distribution. 

View solution in original post