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Reply to "Taxes on back door Roth - Taxed twice?"
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[quote=Anonymous]You don't. Explaining the tax software is complicated but all you have to do is say that your basis in the IRA is $6K and therefore you will not owe any taxes. If any interest accrued on the $6K before you converted, you will owe taxes on that. If it still shows you owe taxes on the $6K, you are doing something wrong.[/quote]
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