So, I did the brave/stupid thing: I asked my bank to move $10,000 (not real number) from my IRA to a newly opened RothIRA account and I certified to them I will be paying for the withholding. I sent the money (more than 20% of it, $2000) to IRS subsequently as part of next quarterly estimated tax payment. I assume at years end, my bank will be sending me a 1099R to have this all settled. Is that correct? (I am so confused)
So, did I converted $10,000 or $10,000+fee+taxes?
