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Is there a way to show that I'm paying for a roth ira instead of a conversion? Do I just get taxed again because its coming out of my account?

 
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DanaB27
Expert Alumni

Is there a way to show that I'm paying for a roth ira instead of a conversion? Do I just get taxed again because its coming out of my account?

To clarify you moved funds from a traditional IRA to Roth IRA? If yes, then this is a conversion and is taxable unless you made nondeductible contributions to the traditional IRA (had a basis).

 

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