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Retirement tax questions
Thank you for checking into this. May I also suggest that in the updated instructions you direct the user to CONFIRM the numbers by checking specific lines in Form 8606-T (1, 5, 16, 17 & 18)? During the time period between the time one places the funds in the Traditional IRA and then coverts ALL of them to the ROTH, there are likely a few dollars of interest that will accumulate that will show up on line 18. My financial service does not ask "how much do you want to convert," instead, it converts all of it, including the few days of interest accumulated, as it's impossible to make the deposit and conversion instantaneous.
7 hours ago