Converting to Roth IRAs in 2010
My wife and I are going to convert our traditional IRAs to Roths in 2010, as your book suggests. How do we know how much we pay taxes on, and how much we have contributed. The money has been put in most years since the 70s, but not all years. And the investments companies have changed over the years.
Permalink Submitted by Al Fry on Fri, 2008-06-27 18:56
You pay taxes on the accouint value, unless you have cost basis (after-tax money) in any IRAs. Al