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Retirement tax questions
You will need to report the value of all of your IRA accounts.
The distribution from the Traditional IRA which was converted to a Roth IRA will be subject to the pro rata rule. This means that a portion of the distribution will be considered to be from pre-tax funds and a portion will be considered to be from after-tax funds. Therefore, the conversion to the Roth IRA is not a tax-free event.
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‎February 15, 2025
3:44 PM