151059
I'm not referring to IRS premature penalty. The IRA basis is important to me becaus e I have a large distribution that I dont want to have added to income as that will inflate my tax liability enormously
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A rollover from your 403(b) account to a Traditional IRA will not add anything to your basis. If all your 403(b) contributions were from pre-tax dollars, you have no basis in your 403(b) account. A rollover to a traditional IRA will carry over the same basis.
A rollover from your 403(b) account to a Traditional IRA will not add anything to your basis. If all your 403(b) contributions were from pre-tax dollars, you have no basis in your 403(b) account. A rollover to a traditional IRA will carry over the same basis.
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