athaureaux6
Level 8
11-14-2024
06:29 PM
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How do you know the basis is 10,000. He never took a deduction?. Usually people contribute to a Traditional to get the deduction in the tax return, so there is no basis. I am just asking, not questioning anything. Usually Roth conversion show a code 2. Basis means non-deductible contributions, or amount he did not have a deduction for the contributions, aka after tax contributions.