nicole2
Level 1
12-07-2019
02:55 AM
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sjrcpa
Level 15
12-07-2019
02:56 AM
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The basis of all IRA accounts is used when calculating the taxable portion of an IRA distribution.
The more I know the more I don’t know.
rbynaker
Level 14
12-07-2019
02:56 AM
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Yeah, I remember there's some wacky calculation that takes place if you have contributions and distributions in the same year. I think it's in one of the 590 pubs. But they split them a couple years ago and I couldn't tell you if it was in A or in B (or both since I think it impacts both calculations).
