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IRA conversion and tax implications
Hi
I would like to convert my SEP-IRA balance and one tax-deferred annuity plan to my ROTH IRA.
Combined, the balance of the two accounts is $40,000.
So, this is my question:
If I convert this amount to my Roth IRA, does it count as my income and add up to my gross income or total income?
Topics:
‎February 23, 2024
8:23 AM