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Get your taxes done using TurboTax
without a non-deductible basis, you cannot avoid taxation on a conversion.
When you convert N dollars to a Roth, that is N dollars of ordinary income added to your total income.
One strategy is to convert only part of it each year until it is all done.
Right now would be a good time to convert because, if you are like most long investors, your investments are down 30%,
And Trump is about to send you helicopter money.
March 25, 2020
7:22 PM