If you have an IRA that has been in mutual funds for several years and you convert the IRA to a Roth, is all the income taxed at regular rates or can any part be treated as capital gains.
- posted
11 years ago
If you have an IRA that has been in mutual funds for several years and you convert the IRA to a Roth, is all the income taxed at regular rates or can any part be treated as capital gains.
So long as all the deposits were pretax, the whole conversion is taxed as well. Cap gains don't come into play at all.
Regular rates.
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.