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Author: BillKi Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: IRA Basis Date: 1/19/2004 9:18 PM
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A couple of years ago I rolled over a couple of 401K's to traditional IRA accounts. Each 401K went into a seperate IRA.

Now I'm working on my income tax return for 2003 using TurboTax and I come across the question of my IRA Basis. I am supposed to enter an amount of my "IRA Basis" through the year 2002.

From what I am reading, the "IRA Basis" is the amount of nondeductible contributions that I have made over the years.

I assume this is the amount I rolled over, but hate to enter anything without knowing that for sure.

Can someone enlighten me as to what the "IRA Basis" is for my situation?

Thank you much
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