You'll need to sign in or create an account to connect with an expert.
Yes, this is income. It is moving the original contribution (pretax) to another IRA that is after-tax.
[Edited 4/13/2022|5:21 AM PST]
You mean money that was converted from a Trad IRA to a Roth? Yes, it is taxable and counts towards the $4300.,
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
priestleydave
New Member
rogersdan164
Level 1
chinyoung
New Member
user17557017943
New Member
lkjr
New Member