qbteachmt
Level 15
03-31-2021
01:37 PM
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The $10k doesn't affect basis; the basis will be figured against the $60k for the 8606. If you only have QCD, and the account has basis, then basis doesn't change that year. And if you don't have enough "nonbasis", then QCD should be the first distribution and limited to the amount that leaves basis untouched and available for regular distribution.
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Don't yell at us; we're volunteers