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Conversion of long-existing SEP IRA to Roth
I've seen a how-to for entering the conversion of a traditional IRA immediately to a Roth (i.e., a backdoor conversion), but I need help ensuring that I can enter the conversion of a long-existing SEP IRA (containing only pre-tax (i.e., deductible) contributions) to a Roth IRA.
How do I enter it? I know I will pay taxes on the entire converted amount.
TY
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March 19, 2023
12:45 PM