Thank you for the swift reply! It is much appreciated.
I have a couple of questions remaining. Line #2 would stay $6,000 because that it what I previously contributed versus $6,001 after the gains this year. Also, line 4 would stay $0 correct? I am confused because I did the rechar / back door conversion for 2022 in the time frame of Jan 1, 2023 - Apr 15, 2023.
Here is what I have come to now:
1. $6,500
2. $6,000
3. $12,500
4. $0
5. $12,500
6. $1.00
8. $12,500
9. $12,501
10. x 0.999
11. $12,500
13. $12,500
14. $0.00
17. $12,500
18. $12,500
19. $0.00
My overall confusion now lies with the outstanding $1.00 in the tIRA. Do I need to pay tax on that with a separate form? I know in the future I can just convert all of the earnings but I am too late this year with the market closed until Tuesday. Thanks again!
