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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.**
‎April 5, 2020
4:49 PM