Retirement tax questions


@ashleyblewis wrote:

 

 

Only thing that's a little strange is I contributed $11500 to the Traditional (none was deductible) and converted $11501 to Roth so it's showing $1 taxable income but perhaps that's accurate (also not enough to worry about). 

 

Thank you! 


Why is it strange if you converted $1 more than contributed?  Probably a wee bit of earnings that are indeed taxable.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**