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Retirement tax questions
If your wife has no other money in any kind of traditional IRA such that her total balance in traditional IRAs is zero at year end (unlike yours), all of her basis in nondeductible traditional IRA contributions will be applied to the Roth conversion and none will remain with her traditional IRAs to be applied to future traditional IRA distributions and conversions. Ideally, that's what you want when doing the backdoor method.
‎January 4, 2021
4:37 PM