Backdoor Roth IRA, How to Report a Gain in Traditional IRA on the Form 8606 to IRS?

by | Sep 28, 2022 | Traditional IRA

Backdoor Roth IRA, How to Report a Gain in Traditional IRA on the Form 8606 to IRS?




When you made a non-deductible contribution into your Traditional IRA and you did not convert the contribution into Roth IRA immediately, and the contribution generated a gain (profit), you have to pay tax on the gain.

Here’s the link of the previous Back-door Roth IRA video.
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