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Retirement tax questions
I see. What would be the tax implications for this? Would I owe any money bc my basis is higher than me end balance?
if my 2021 line 14 8606 is $2772, and my end of year balance in my traditional for 2022 is $0, would my line 14 for tax year be $0 to reflect this? Or would it be dependent on how much I converted for year 2022 ($6000?). I haven’t finished TurboTax this year but curious in theory and understanding. Thanks
February 24, 2023
6:30 AM