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Retirement tax questions
Thanks... say I have $50K carryover loss, my Nod Deductible IRA acct has $60K balance including $20K gain (net of contribution basis). I plan to convert ALL $60K to Roth this year. I assume I don't need to pay taxes on the basis of $60K (accumulated over years). Can I apply $20K to offset $50K carryover loss ... without paying any taxes?...
‎June 7, 2019
5:51 PM