@domerdoc wrote:
Am I doing this correctly? I'm discussing this now to help decide on the amount I want to convert and what the tax liability will become.
Yes, that is correct, bit the entire $10,000 is the 1040 line 4b taxable amount since the amount withheld for tax is also part of the distribution. The 8606 instructions say to *include* the line 18 amount on 1040 line 4b, that does not mean that that is the total line 4b amount.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
