Cost basis for a Rollover IRA

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Topic Author
f35phixer
Posts: 119
Joined: Wed Feb 18, 2015 12:41 pm

Cost basis for a Rollover IRA

Post by f35phixer »

https://www.investopedia.com/articles/p ... ations.asp

do I need to care/worry about cost basis for a IRA roll over into my Fidelity account?

Rolled over 45K in 2001 and now it's LOTS more!!!

Do I need to document initial cost once I start Roth Conversions or just to sell some shares?

Guess same goes for my TSP IRA, does it matter for selling/converting for Roth conversions?
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Duckie
Posts: 7831
Joined: Thu Mar 08, 2007 2:55 pm

Re: Cost basis for a Rollover IRA

Post by Duckie »

f35phixer wrote:do I need to care/worry about cost basis for a IRA roll over into my Fidelity account?

Rolled over 45K in 2001 and now it's LOTS more!!!

Do I need to document initial cost once I start Roth Conversions or just to sell some shares?

Guess same goes for my TSP IRA, does it matter for selling/converting for Roth conversions?
The only basis that matters is if you made any after-tax non-deductible contributions. If everything is pre-tax there is no basis to track.
Topic Author
f35phixer
Posts: 119
Joined: Wed Feb 18, 2015 12:41 pm

Re: Cost basis for a Rollover IRA

Post by f35phixer »

thanks...
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