thank you!
I am still confused -
1. the $50k that i transferred from my traditional IRA was filled with post-tax dollars
2. turbo tax shows that i am paying 2 taxes on this $50k:
#1 tax = capital gains tax
#2 = IRA distributions taxable
but...why am i paying an 'IRA distributions taxable' tax when i filled this traditional IRA with post-tax dollars? i am taxed 3 times:
1. income tax - this makes sense...but the 2 points below are confusing:
2. IRA distributions tax (for Roth conversion)?
3. capital gains tax (for selling my investment)?
