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Retirement tax questions
I think I understand now. So as long as I funded the traditional roth with the correct amount ($7000), any gains from dividends or interest from my traditional roth converted to a Roth IRA is NOT considered excess?
And therefore, the $20 from Gross distribution amount of $7020 on my 1099-R form is not an"excess" contribution. Is this correct?
‎April 1, 2025
8:49 AM