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Get your taxes done using TurboTax
To clarify, was the amount converted the same as you directly contributed to the Traditional IRA? You didn't have any gains? Please make sure you only enter the amount directly contributed to the Traditional IRA for "Tell us how much you contributed (Traditional IRA)" in the IRA contribution interview.
If you converted the full amount in 2023 then you basis from the prior year should be $0 and you correctly answered "No" to "Any nondeductible contributions to my (Traditional) IRA".
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‎April 7, 2025
4:37 AM