KurtL1
Expert Alumni

Retirement tax questions

When you do a Roth Conversion you are taxed based on the amounts you pull out of the Traditional IRA and move to the Roth IRA.

 

You are not taxed on the increase in balance of the IRA but are only taxed when you disburse funds from the IRA.

 

Form 8606 keeps track of transactions on your Non Deductible IRA's.

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