Aha! @dmertz I think I understand.
Using my words so you can confirm. Is what I am saying ahead of any sense?
For after tax traditional Ira earnings are not taxable until we withdraw / convert from it. 2 examples:
1. Scenario 1: if I contribute to post Tax traditional IRA for say 2019, 2020, 2021 6000 each. And I convert all of that money in 2022 to a Roth IRA. At that time the money is say 19000 I.e. 18000 in contribution and 1000 in earnings over these years. Then the 1000 is taxable all at once for year 2022 (year of conversion) that I will file taxes before April 15th of 2023. Is this right?
2. Scenario 2: exactly same scenario but in 2022 instead of conversion I happen to be over 69 and take distribution of say all of those 19000, even then that 1000 is taxable all at once for year 2022 to be filed before April 15th of 2023. Is this right?
i am hoping to understand this.
final question: for 2020 is there a 6000 limit on money I can put in a his traditional post TAX IRA?
