medium · Certified Financial Planner Retirement
A client has $90,000 of pre-tax IRA money and $10,000 of after-tax (nondeductible) IRA money across multiple accounts.
If the client converts $20,000 to a Roth IRA, how much of that conversion is taxable?
- $2,000
- $18,000
- $20,000
- $10,000
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