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Get your taxes done using TurboTax
A Roth conversion has to be included in your taxable income unless you has a basis in your traditional IRA (nondeductible contributions tracked on Form 8606).
A traditional IRA is a pre-tax account and a Roth IRA is an after-tax account therefore when you move the money from the traditional to Roth this income is taxable and included in your AGI.
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March 14, 2021
1:50 PM