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Old 09-16-2020, 08:00 PM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by Stu from NYC View Post
If you are going to be paying taxes on the $ 46,000 the appreciation should be tax free.

Not an accountant but would think I am correct.

However if this would be me would speak to a tax guy.
The appreciation is tax free. Most people only want to recharacterize a Roth conversion when the value goes down, not up.