The AHS is sponsored by the Department of Housing and Urban Development (HUD) and conducted by the U.S. Census Bureau. The Economic Census is the U.S. government's official five-year measure of American business and the economy.
The term basis is sometimes used to refer to the amount of contributed funds in a Roth IRA. Roth contributions are not tax deductible, so you've already paid taxes on the money. For this reason, you can look at your Roth contributions as your IRA basis because contributed funds are not taxed when withdrawn.RA Basis. You only have an IRA basis when you make nondeductible contributions to a traditional IRA. You can usually deduct your IRA contributions up to the $5,000 annual limit, or $6,000 when you turn 50.
Example: Mr Gibbs has a non-deductible traditional IRA that has a value of $30,000 and a $12,000 basis of after tax contributions. He also has a traditional IRA valued at $210,000 consisting of a rollover from a QRP plus some deductible IRA contributions. If he withdraws the $30,000 from his non-deductible IRA he must prorate the basis across his aggregate IRA balances. The basis computation: $12,000/$240,000 x $30,000 = $1,500. Thus $28,500 of the withdrawal would be taxable and the basis in the non-deductible IRA would now be $10,500.