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Retirement tax questions
Form 8606 look like it should.
With no other money in traditional IRAs, ideally all amounts in traditional IRAs should be converted in 2024 so as to leave a $0 balance in traditional IRAs on December 31, 2024. There is no limit on the amount one can convert to Roth; a Roth conversion is not a regular contribution to a Roth IRA.
March 7, 2024
1:41 PM