I have been going through all the literature and I need clarification on whether or not I'm reporting the taxes I paid on my Roth IRA conversion to the IRS. Here's my situation: I converted some pre-taxed dollars from my employer-sponsored 401K plan to my Roth IRA. The IRS classifies a conversion from a 401K to a Roth IRA…
Hello, I recently changed employers and considering rolling my 401(k) over into traditional IRA. Then, I would like to convert some of the traditional IRA money into a Roth IRA. I understand this will be a taxable transaction. I also understand this will make any future backdoor RothIRA conversions more taxable - meaning…
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