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I opened and funded a traditional IRA with Schwab in 2024 Tax Year, and intentionally did not claim deductions as I wanted to convert it to Roth IRA.
When I move the funds (positions) from Trad IRA to Roth, I intend to allow any tax deductions as I did not take deductions in the first place. Am I in the right path?
‎April 15, 2025
7:33 AM