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Get your taxes done using TurboTax
The $0.01 rounds to zero. It has absolutely no effect on your tax return.
If you are seeing in incorrect taxable amount calculated on Form 8606, you've entered something incorrectly. If you had other traditional IRAs with a nonzero year-end balance (appearing on line 6 of Form 8606), your Roth conversion is partially or mostly taxable.
March 3, 2022
5:10 AM
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