Brad has an ira with a value of $50,000 on april 5, 2017. he has made nondeductible contributions in the amount of $5,000 to the ira since it was established in the year 1990. on april 5, 2017, he tra. Brad has an ira with a value of $50,000 on april 5, 2017. he has made nondeductible contributions in the amount of $5,000 to the ira since it was established in the year 1990. on april 5, 2017, he transfers $40,000 from the ira to his simple 401(k) plan. what is brad’s basis in his ira after the transfer? (round to the nearest $10.)
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Brad has an ira with a value of $50,000 on april 5, 2017. he has made nondeductible contributions in the amount of $5,000 to the ira since it was established in the year 1990. on april 5, 2017, he tra
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