https://ttlc.intuit.com/community/retirement/discussion/calculating-roth-ira-basis/01/3753346#M256367 <P><SPAN>Thanks!</SPAN></P> Mon, 02 Feb 2026 22:11:45 GMT delta1255 2026-02-02T22:11:45Z https://ttlc.intuit.com/community/retirement/discussion/calculating-roth-ira-basis/01/3753346#M256367 <P><SPAN>Thanks!</SPAN></P> Mon, 02 Feb 2026 22:11:45 GMT https://ttlc.intuit.com/community/retirement/discussion/calculating-roth-ira-basis/01/3753346#M256367 delta1255 2026-02-02T22:11:45Z https://ttlc.intuit.com/community/retirement/discussion/re-calculating-roth-ira-basis/01/3753678#M256392 <P>To avoid confusion in this situation, the <STRONG>basis</STRONG> of your <STRONG>Roth IRA</STRONG> consists of your <STRONG>contributions</STRONG>.&nbsp;</P> <P>&nbsp;</P> <P>You stated that you had opened your <STRONG>Roth IRA</STRONG> in 2024, contributing $7,000, then you added more funds in 2025 before taking a total distribution.</P> <P>&nbsp;</P> <P>Therefore, the total of your 2024 and 2025 <STRONG>contributions</STRONG> equals your basis.</P> <P>&nbsp;</P> Mon, 02 Feb 2026 21:24:43 GMT https://ttlc.intuit.com/community/retirement/discussion/re-calculating-roth-ira-basis/01/3753678#M256392 ReneV4 2026-02-02T21:24:43Z