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Are social security taxes due on roth conversion income?
I am converting money from a traditional IRA to a Roth. I know that I will pay federal and state income tax on the amount converted. However, is that income earned or unearned income? Will I have to pay social security taxes on that income? My research seems to point that SS taxes would not be due on the income. I am not concerned about SS benefits since I am to young to take benefits at this time.
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March 25, 2021
1:43 PM