Convertion of tradional IRA to Roth IRA
I don’t have a question, but I recently realized that after converting a traditional IRA to a Roth IRA it matters what you invest in (in the Roth IRA) because any losses in your Roth IRA are NOT deductible on your tax return. Too bad it’s so complicated.
Terry Says
So you converted. And you paid taxes. And you know that if you’re on Medicare the amount converted could raise your Medicare Part B and D premiums.
You knew all that and still converted. And you never realized that you had to make investment choices for the Roth, and that losses are not deductible?
