Sorry, I just got time to key in the numbers today.
Thank you so much for your replay!!
Yes or no.
I did follow your instructions and finished all the steps. It did not ask me to pay extra tax in the end (that's the yes part). However, I am not sure if it's all correct.
My entire IRA is funded using after tax money (Non deductible IRA). So there is no tax on the base conversion; but isn't that you are supposed to pay tax on the capital gains part for the converted amount?
However I went though all the interview steps, there is no place to enter the detailed stocks transactions info, so how can IRS determine if I had gain or lose for the stocks I converted ?
I looked at Form 8606, Line 8 - "Net amt converted to Roth IRA", the number is 0 - this value is auto-populated by the program. I am confused! I did convert $xxx amt to Roth IRA, why the program puts 0 there? what am I supposed to do?
So I problem is half resolved, lol
Really appreciate your help!
HerseyBird68
