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Get your taxes done using TurboTax
Can you check with your financial institution if they can calculate the gains for you? Generally, most custodian will calculate the earning on the excess contribution for you.
If not then you would have to try to allocate the earnings for the time after the conversion.
Please see Worksheet 1-4. Determining the Amount of Net Income Due to an IRA Contribution and Total Amount To B... for additional information.
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March 18, 2025
8:12 AM