What is true for converting a traditional IRA to a Roth IRA? Select one: a....
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Accounting
What is true for converting a traditional IRA to a Roth IRA? Select one:
a. An IRA to ROTH conversion is a taxable event when the traditional IRA basis is less than the amount being converted.
b. It is not subject to the 10% additional tax.
c. Any part of the conversion that represents basis is not taxable.
d. Form 1099-R, box 7 should contain code 2 for the conversion. e. All of these. f. None of these.
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