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How to handle broker fees when converting from traditional IRA to Roth
I contributed $14K to two traditional iras. Then I converted the net of $13,392 to the Roth nd received a 1099-Q. The difference is broker fees that I paid in the traditional ira. The difference is showing up as taxable on my tax return and as the basis for my cumulative traditional non-deductible iras. This cannot be correct. How does turbotax account for the difference between my gross contribution and the next distributed?
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‎February 26, 2022
11:06 AM