@kelloggs wrote:
This is also exactly what happened. My $7000 contribution to my Traditional IRA grew to $7186 before I rolled it over into my Roth IRA.
I just want to clarify in case it wasn't clear. When you did the Roth IRA conversion, you should have converted the entire amount ($7186). The $186 of growth/gain is taxable, but it is not subject to the additional 10% penalty for early withdrawal.
