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The calculation is done on Part I of Form 8606. The basis carryover changes because changes in the year-end value of your traditional IRAs changes the amount of basis that is applied to your 2023 traditional IRA distributions and Roth conversions.
The calculation is done on Part I of Form 8606. The basis carryover changes because changes in the year-end value of your traditional IRAs changes the amount of basis that is applied to your 2023 traditional IRA distributions and Roth conversions.
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