TaxGuyBill
Level 15
02-27-2021
10:51 AM
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Yeah, there are some significant errors.
One user posted that a Roth IRA is not being taxed, even with $0 of Basis. I replicated and confirmed that.
Another user posted that a Traditional IRA was not being taxed. It was working fine for me.
I just tested your scenario, a Traditional IRA with $1 of Basis. As you pointed out, it is not taxing any of it.