That will depend on the total aggregate value of ALL Traditional, SEP and SIMPLE IRA accounts that exist on December 31, 2020. The total non-deductible basis will be prorated between the amount of the conversion and the 2020 year total end value to determine the taxable amount.
**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.**
