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Retirement tax questions
how can any present conversion be non taxable if there is a balance remaining in a traditional IRA?
by balance I refer to "small prior years basis balance "
to have a prior year basis remaining don't you have to have a real balance?
since it is all prorated how does the present conversion get to be tax free?
If conversion amount is 6,000 can you give an example of prior basis and Traditional IRA year end value that makes the present conversion non taxable and leaves a small basis in the Traditional IRA.?
I can't figure the amounts needed to give your final result.
‎December 24, 2022
4:57 PM