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hakeenan
New Member

My $5500 traditional IRA contribution earned interest before I converted it to Roth. How do I confirm that I'm only paying taxes on the extra $5 earned before conversion?

 
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1 Reply
MarilynG
Expert Alumni

My $5500 traditional IRA contribution earned interest before I converted it to Roth. How do I confirm that I'm only paying taxes on the extra $5 earned before conversion?

Make sure your traditional IRA contribution is noted as a 'non-deductible' contribution and that the balance of your IRA account is $0 after the conversion to Roth.

Here's more info to help you:

https://ttlc.intuit.com/replies/6478197

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