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Get your taxes done using TurboTax
the amount converted to Roth is completely independent of your non-deductible contribution to the IRA.
It is not a recharacterization.
To the extent that the tax-free portion of basis is less than the amount, you will pay tax on that taxable portion.
This is the calculation on Form 8606.
You know what you did so your Form 8606 and Form 1040 Line 4 should reflect that.
‎April 28, 2023
7:11 AM