NON-DEDUCTIBLE IRA DISTRIBUTION
If you make partial distribution from non-deductible IRA with basis, how do you determine the taxable portion?
If you make partial distribution from non-deductible IRA with basis, how do you determine the taxable portion?
Permalink Submitted by Alan - IRA critic on Sun, 2019-03-24 01:13
Form 8606 must be filed and calculates the taxable/non taxable amounts. The basis is pro rated relative to the year end value of all TIRA accounts.