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Level 2
December 7, 2019
Solved

2018 taxes. Transferred money from a tradional IRA to a ROTH Ira. Is this taxable?

  • December 7, 2019
  • 1 reply
  • 4 views
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Best answer by TaxMonkey

Yes, a conversion from IRA to Roth is taxable, with the proportionate offset from basis in the IRA if any.

1 reply

TaxMonkeyAnswer
Level 7
December 7, 2019

Yes, a conversion from IRA to Roth is taxable, with the proportionate offset from basis in the IRA if any.