@apmcdowell wrote:
when entering 2099R how to avoid the conversion amount from showing up as income except for the tax being paid?
A Traditional IRA to Roth conversion is taxable unless there is some non-deductible basis in the IRA, then it must be prorated between the converted amount and the total year end value of all existing Traditional IRA accounts on a 8606 form.
**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.**
