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Get your taxes done using TurboTax
You recharacterized $6,500. the earnings go along for the ride.
you have a basis in your Traditional IRA of $6,500
It sounds like you did it exactly right.
The earnings became taxable when you converted.
Review Form 8606 to see how it works.
ā€ˇFebruary 14, 2024
6:09 AM
367 Views