Are 401k Roth conversion profits offset by stock sale losses?
Are 401k Roth conversion profits offset by stock sale losses? Say I have a traditional 401k with $200k in contributions, and $50k in net growth. If I do a Roth conversion on the full amount, it would increase my taxable income for that year by $50k. If I sold stocks at a loss up to -$50k, would those losses offset the profits in the Roth conversion, thereby making my taxable income for the Roth conversion …