Once my traditional ira withdrawals include accumulated and appreciated monies how does turbocharge handle that?

reurgiel1313 · ‎February 16, 2020

AnnetteB6 · ‎February 16, 2020

The distribution will be taxable as income if it includes earnings and appreciated money.

But, if you made non-deductible contributions in addition to deductible contributions to the Traditional IRA, you will be able to enter your basis (the non-deductible contributions) and then the taxable portion of the distribution will be automatically calculated by TurboTax based on your entries.

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AnnetteB6 · ‎February 16, 2020

The distribution will be taxable as income if it includes earnings and appreciated money.

But, if you made non-deductible contributions in addition to deductible contributions to the Traditional IRA, you will be able to enter your basis (the non-deductible contributions) and then the taxable portion of the distribution will be automatically calculated by TurboTax based on your entries.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

reurgiel1313 · ‎February 18, 2020

Thank you very much for your response.

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Once my traditional ira withdrawals include accumulated and appreciated monies how does turbocharge handle that?