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Converting To A Roth IRA From A Traditional IRA That Includes Non Deductible Contributions
I plan on converting a small portion of my Traditional IRA to a Roth IRA after taking my RMD for 2024.
The Traditional IRA includes non deductible contributions amounting to only about 1.5% of the total IRA value prior to converting.
I plan on converting only about 3% of the Traditional IRA to my Roth IRA.
While hardly worth bothering with, is there a need to prorate the conversion and how would I report that in TurboTax?
Thanks in advance
‎December 5, 2024
12:34 PM