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Paying taxes twice on Traditional to Roth conversion?
Paying taxes twice on Traditional to Roth conversion? A couple years ago I ended up contributing to my Roth IRA when I was over the income level for contributing. I ended up recharacterizing the money (about $6000, post tax) as a traditional IRA. This year, I converted that money back into my Roth and received a 1099-R from Vanguard counting the entire amount as taxable income to be reported (an ex...
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