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Retirement tax questions
Yes you can do that. Any earnings will be a small amount of taxable income and be part of the conversion.
A backdoor Roth only works it the entire Traditional IRA is converted so the year end value is zero.
**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.**
March 7, 2021
10:25 AM