qbteachmt
Level 15
09-03-2021
11:08 AM
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There would be no tax on conversion, because that's the point of "backdoor Roth." It is, in fact, a regular conversion. The function works because all funds in Traditional IRA are only basis, and when that is converted before there was time for any earnings, there is no tax on that conversion. That's why it is allowed and that's why it is called backdoor.
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Don't yell at us; we're volunteers