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Deductions & credits
Thank you for responding. Still not understanding why I am paying tax (again) on a portion of the conversion when the entire conversion was made with post tax dollars. Although I had a balance at 12/31/18, that balance was all post tax so why does it trigger the pro rata rule?
If at 12/31/19 my trad IRA balance is 0, the pro rata will not apply and the entire conversion will be tax free?
If at 12/31/19 my trad IRA balance is 0, the pro rata will not apply and the entire conversion will be tax free?
‎June 4, 2019
8:04 PM