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Deductions & credits
Thank you everyone.
I have about $20,000 in my traditional IRA as uninvested cash (don't ask me why haha).
Anyway, I would like to just convert that $20K to the Roth IRA.
As I said before, all the money in my traditional IRA is from after-tax money and I never got any tax deduction from this.
Do I need to withhold tax for that $20K that I wish to convert?
‎April 20, 2023
2:22 PM