Postdot
Level 3
‎12-07-2019 04:51 AM
 
0 Cheers
TaxMonkey
Level 8
‎12-07-2019 04:51 AM

What happened 98-2017?

View solution in original post

0 Cheers
Postdot
Level 3
‎12-07-2019 04:51 AM
Both were federal employees.  They only supplied those years, but have additional forms for other years.  
0 Cheers
Postdot
Level 3
‎12-07-2019 04:51 AM
Can I use the $10K each to decrease their taxes.
0 Cheers
sjrcpa
Level 15
‎12-07-2019 04:51 AM

That form shows basis in IRA. When they start to take IRA distributions, some basis will reduce the gross amount to arrive at taxable amount.


The more I know the more I don’t know.
0 Cheers