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Reply to "Did it drive you crazy to report a backdoor Roth IRA using Turbotax? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Except that it's not a taxable event, like I said. You pay zero taxes for conversion, as it is with post tax dollars.[/quote] Actually a Roth conversion is a taxable event, although whether you actually owe taxes will depend on your specific facts. I do a Roth conversion every year and some years I owe tax and some years I don't.[/quote] Wrong. If I put 5k into a traditional, and convert it inmediatwly, it isn't taxable. You need a new accountant/financial advisor.[/quote]
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