Sorry, just one more question on this I forgot to ask. Even though I only converted $6500 last year, I still had to pay tax on $1. Not that I'm worried about that extra 25¢ or so, but just understanding why and how the numbers worked out. Is that because I had an $0.80 balance on my 5498 for the fair market value from last year? (Which was not converted last year.) Is this due to the pro-rata rule? Appreciate the insight.
@DanaB27 @fanfare @DavidD66
