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jennifersignor
New Member

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

 
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‎June 1, 2019 1:02 AM
last updated ‎June 01, 2019 1:02 AM
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MaryK1
Level 9

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

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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‎June 1, 2019 1:02 AM
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