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Returning Member
posted Feb 2, 2026 11:25:41 AM

Calculating Roth IRA basis

Thanks!

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1 Replies
Employee Tax Expert
Feb 2, 2026 1:24:43 PM

To avoid confusion in this situation, the basis of your Roth IRA consists of your contributions

 

You stated that you had opened your Roth IRA in 2024, contributing $7,000, then you added more funds in 2025 before taking a total distribution.

 

Therefore, the total of your 2024 and 2025 contributions equals your basis.