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- Fri Dec 21, 2012 4:13 pm
- Forum: Investing - Help with Personal Investments
- Topic: Backdoor Roth Question
- Replies: 19
- Views: 1766
Sorry, but the CPA is correct. Please review IRS Form 8606. In Part I you list the value of ALL trad, SEP & Simple IRAs, then calculate % on Line 10. Non-taxable amount converted to Roth(s) is calculated on Line 11. This amount is entered in Part II, Line 17. IRS rules require that basis (non-taxabl...