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- TRADITIONAL IRA COVERSION WITH 2024 BASIS
TRADITIONAL IRA COVERSION WITH 2024 BASIS
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ROCZTAXGROUP
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yesterday
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TP HAS A BASIS IN NON TAXABLE FROM 2024 OF 89937. IN 2025 HE CONVERTED 85341 FROM TRADITIONAL IRA TO A ROTH IRA AND 1562 IS TAX FREE. ONLY 83779 SHOULD BE TAXABLE BUT IN PROSERIES IF I ENTER THE BASIS OF 2024 NOTHING IS TAXABLE WHICH IT IS WRONG, SO IF I REMOVE THE BASIS OF 2024 THAN THE 83779 IS TAXABLE BUT THE 8606 BASIS FOR 2025 IS WRONG. WHAT AM I DOING WRONG???
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