DanaB27
Expert Alumni

Get your taxes done using TurboTax

Yes, that is correct, only $11,414 would be taxable since you have already paid taxes on the $4,586. 

 

Yes, depending on your income it might be more beneficial to slowly convert the traditional IRA and then have later the earnings tax-free when you can take Qualified Roth Distributions. 

 

Yes, if you file joint returns then you will have the same tax bracket as married filing jointly.

 

@dhuynh44 

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