TrumpJ
Level 3
03-28-2020
07:05 PM
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But if you have nondeductible IRA basis from earlier years; isn't it to be used while annual IRA distributions are made in order to recapture part of the IRA as nontaxable? In the past, I've entered carryover basis and the year end value and a percentage of carryover basis generated a portion of the current year IRA distribution as nontaxable.