You'll need to sign in or create an account to connect with an expert.
Thank you.. If I contributed $6000, then basis would be $6000?
Yes, your basis is $6,000 when you made $6,000 nondeductible contributions.
@koswami
perfect, this works!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
djpegg
New Member
greengreen590
New Member
tdobbs37
New Member
slamny
Level 3
itzty33
New Member