easy · Certified Financial Planner General Principles
Mrs. Ibarra has 90,000 in a traditional IRA consisting entirely of pre-tax contributions and earnings. She also makes a new10,000 non-deductible (after-tax) contribution to a separate traditional IRA.
If she converts $10,000 to a Roth IRA, what is the taxable amount of the conversion?
- $10,000
- $9,000
- $1,000
- $0
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