maglib
Level 10

Retirement tax questions

@volvo05  do you have other traditional IRA's?  If you do the IRS treats them as one so there isn't a 100% converstion to Roth and some gains may end up taxable.  Say you have $90 in other traditional IRA's with cost of $80 and just opened one for $10 and were making the $10 one a Roth.  The IRS says you actually have $100 with cost of $90 and when you convert the $10 to a Roth it will make $1 taxable....

Otherwise you may have missed filling in a box from your 1099, make sure it's checked exactly as received.
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I am NOT an expert and you should confirm with a tax expert.