Re: Form W-4p and Roth Conversions

For line 4a, I am including estimated interest and dividends. Should I also include the amount I am intending to convert in a Roth conversion as I am not having taxes taken out for it? Thank you.

posted

Since you are not having taxes taken out for it, yes. But don't forget to come back and change this for next year.

@plikakis01

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Backdoor Roth IRA 2024 - Turbotax is taxing the entire amount of the conversion (which is incorrect - the conversion amount is the same amount as the basis from the non-deductible IRA that I am converting to Roth.

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