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Retirement tax questions
This is the correct result of the pro rata calculation on Form 8606. The $1 of your basis that was not permitted to be applied to your Roth conversion remains in your traditional IRAs to be applied to future traditional IRA distributions and Roth conversions. The $1 on line 14 of this Form 8606 will carry forward to line 2 of the next Form 8606 that you file.
March 2, 2024
11:43 AM