I started an IRA last year not realizing I was over the income limit. Since I was allowed a reduced Roth contribution, I transferred a portion of the IRA to a Roth in early April and reported that in the IRA contribution section.
Right before the 15th, I was advised by Fidelity to just close the account and transfer to regular brokerage for now. These sales did not finalize until April 18, and transferred the 21st, but I was told told this go towards 2016. Where do I enter the gains for the remainder of what was in the IRA sold/transferred to brokerage? Do I enter each stock as an individual capital gain in the main capital gain section, or is there a special place for place for IRA closure/transfer/reclassification?
Also does this sale count towards 2016 or 2017? If I transfer these to Roth this year, is there special handling of IRA to Roth in 2017 taxes, or is it just treated as a straight capital gain and what I do with it in 2017 is irrelevant?
