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Rollover IRA Combined with Taxed Contribution
Hello:
I have a question about how I can go about differentiating the taxed contribution I made to my rollover IRA from the untaxed contribution. I left my employer and wanted to continue making payment to my retirement on my own from my bank account, unfortunately, I combined already taxed money with untaxed money. How do I go about paying the tax on the untaxed portion without double taxing on the contribution I made from my bank account? I would like to pay the tax on the IRA that is untaxed and place the money into a ROTH. Please help me with how to go about differentiating my personal contribution and previous untaxed contribution.
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‎January 4, 2025
11:54 AM