DanaB27
Expert Alumni

Retirement tax questions

If you did not have any earnings in the traditional IRA then none of the conversion will be taxable because of the basis.

 

If you had earnings then each distribution/conversion will have a allocation of tax-free and taxable amount. Please be sure that you enter your value of your traditional IRA after you entered your basis on the "Tell us your value of your traditional IRA" screen.

 

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