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Retirement tax questions
Yes, this is correct. The $3 ($2.70 rounded up) is all basis in your traditional IRAs to be included in the calculation of the taxable amount of the next distribution you make from a traditional IRA, carried over to line 2 of the next Form 8606 that you file.
It would have been better to just convert the entire $6,502.70 to Roth.
‎February 18, 2024
2:27 PM