Correct, it did not cause any tax liability the only reason why I'm hesitating is that after all it increased the gross which is used for state data. I'm just c...
@DavidD66What do you mean by "change of income"? It increased my gross income by $100 and added $24 tax, so the tax bracket and everything else remain the same,...
Thanks @dmertzI didn't realize that these funds are treated differently depending on how they were transferred - through contribution or conversion.It seems lik...
The only reason why I'm not approving the answer is that I not sure it is correct, to be honest it doesn't make sense.IRA balance : $1000 non deductible + $100 ...