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Get your taxes done using TurboTax
The transaction that you did is called an In-plan Roth Rollover. In the tax code the term "Roth conversion" applies exclusively to the movement of funds from a traditional IRA to a Roth IRA (other than by recharacterization of a contribution). Still, many use the term "conversion" colloquially to describe both types of transactions due to their similarities.
‎April 9, 2024
8:28 PM