stothers
Returning Member

Retirement tax questions

Thank you.  Neither applies so I would not have been prompted for 8606.  

 

2nd Part:  

 

I closed ROTH IRA after 5 years, and I'm trying to determine amount of loss. In Easy Step, it's asking for years I did converted traditional IRA to a ROTH IRA. The screen asks for net conversions and whether they are Taxable Conversions or Nontaxable conversions. Does this mean were they taxed on the IRA side, or were the ROTH distributions taxed?