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Retirement tax questions
Actually, the message you got is misleading. If you converted from a traditional IRA to a ROTH, then yes, you do pay taxes on it. But you do not pay the additional 10% early withdrawal penalty, since you put it back into another retirement vehicle that is not tax deferred, after withdrawing it from a retirement vehicle that is tax deferred.
‎June 6, 2019
9:12 AM