@imbhavik wrote:
That means, even though I am converting ONLY NonDeductible amount, due to aggregation rule, it considers all my IRA amount and only considers $500 as tax free amount.
If you have $50,000 in the IRA to start then:
$6,000 * $6,000 / ($50,000 + $6,000) = $624.86 tax free and $5,357.14 taxable.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
