Skip to main content

1 reply

March 12, 2025

For a retirement account such as a Traditional IRA, the basis is the amount of nondeductible contributions you have made to the account. It represents your investment (with after tax dollars) in the account. Your basis is not taxed when you withdraw from the account.

 

Please read this IRS document for more information.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"