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Do you mean a CONVERSION of an IRA to a ROTH ?
If you convert a Traditional IRA to a Roth then unless you have an after-tax basis it will be taxed as ordinary income and add to your AGI which in turn affects the AMT. (Basis is non-deducible contributions reported on a prior 8606 form.)
To avoid AMT, convert a lesser amount to a Roth,
You can do another conversion in January.
@fanfare wrote:
To avoid AMT, convert a lesser amount to a Roth,
You can do another conversion in January.
Good advice.
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