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Retirement tax questions
Wow!!!
Thanks for the answers. Just one last question on number 1.
The 11,955 contributed to the traditional IRA was with after tax dollars, the 16,131 is composed of that plus 4176 in gains prior to the conversion -- side note, the gains occurred really fast within a month.
1. Would I just pay taxes on the 4176?
2. If so then use form 8606 correct?
3. Do I need to override my brokerage's 1099-r with a new 1099-R -- is that even a thing?
March 3, 2021
9:34 AM