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How do I calculate my basis in my IRA for IRS form 8606? YQA 205-2


In this video we're answering the question "How do I calculate my basis in my IRA for IRS form 8606??" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted. To get your questions answered by The White Coat Investor, visit and record your question. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Subscribe Here: Main Website: Facebook: Twitter: Instagram: Subreddit: Online Courses: Newsletter: 00:00 How do I calculate my basis in my IRA for IRS form 8606? 00:17 Cost basis defined 00:36 Form 8606 Line 2 01:29 Making a late backdoor Roth contribution...(read more)


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