I converted and paid taxes in '98, '99,'00 and '01. After that I made several non deductible contributions. Is it correct to total all of these to get the correct amount for NET Contributions prior to 2016? Or is this number even needed? I am 67 and only withdrew a small amount.
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TurboTax asks separately about regular net contributions and net conversion contributions. However, you don't really need to enter this amount since your distribution is a qualified distribution. The only reason that you would need to know your net contributions and conversions now is if you had sufficient investment losses to be able to claim a miscellaneous deduction for unrecoverable contribution and conversion basis after completely distributing all of your assets from your Roth IRAs, which doesn't seem likely.
TurboTax asks separately about regular net contributions and net conversion contributions. However, you don't really need to enter this amount since your distribution is a qualified distribution. The only reason that you would need to know your net contributions and conversions now is if you had sufficient investment losses to be able to claim a miscellaneous deduction for unrecoverable contribution and conversion basis after completely distributing all of your assets from your Roth IRAs, which doesn't seem likely.
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