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I converted $10,000 of traditional IRA to a Roth IRA. Charles Schwab withheld $1176 in fed. taxes and $588 in state taxes. Is the conversion amount $11,764 or $10,000?
gkaronis
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I converted $10,000 of traditional IRA to a Roth IRA. Charles Schwab withheld $1176 in fed. taxes and $588 in state taxes. Is the conversion amount $11,764 or $10,000?
The taxes paid came out of my traditional pre-tax IRA account.
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TurboTax Self Employed Online
February 20, 2021
7:09 AM
