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Personal Investments • Roth conversion tax using indirect rollover

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Inform the receiving Roth custodian that the contribution is a conversion so they can report it correctly on Form 5498. Otherwise, even if you tell them it's a rollover, they won't know if the funds came from another Roth IRA or from an employer plan.

A conversion contribution is specific to funds coming from a TIRA distribution.

Statistics: Posted by Alan S. — Wed May 22, 2024 5:49 pm — Replies 16 — Views 789



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