Hal_Al
Level 15

Retirement tax questions

Yes and No.
Your Roth IRA consist of three parts, contributions, conversions (not called recharacterizations) and earnings (interest, dividends and capital gains).
Although your basis consists of both contributions and conversions. They are treated differently for the "ordering rules" for withdrawals..
Reference: <a rel="nofollow" target="_blank" href="https://www.investopedia.com/retirement/tax-treatment-roth-ira-distributions/">https://www.investope...>