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J
jennifersignor
Level 1
June 1, 2019
Question

Enter "basis"for my early distribution ? Define basis?

  • June 1, 2019
  • 1 reply
  • 11 views
No text available

1 reply

M
MaryK1
Level 11
June 1, 2019

Basis is the amount that you contributed that was taxed income- for example, contributions to a traditional IRA that you did not take a tax deduction for (this should be reported on a 8606) or for a 401k, after tax contributions

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