Basis reflects the amount of your cost. It will not be on your 1099-R. You may need to contact the plan administrator to help you determine this. This is important because some retirement plans allow for after-tax contributions to the plan. When distributions from a pension or annuity plan include money that represents after-tax contributions, it is a recovery of the cost basis in the plan. The cost basis portion relative to distributions from after-tax contributions is not taxable. TurboTax is asking these questions to help determine if any portion of your distributions should not be taxed.
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