easy · Certified Financial Planner Retirement
A client has a total of $100,000 in traditional IRAs, consisting of $90,000 in pre-tax contributions and $10,000 in after-tax contributions.
If the client converts $20,000 to a Roth IRA, how much of the conversion is subject to income tax?
- $2,000
- $18,000
- $20,000
- $10,000
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