401Ks and ROTH IRAs are not considered for the conversion.The cost basis is prorated based on the value, not the ratio of untaxed contributions and taxed contributions. You have a cost basis of $9,650 ($5000 + $4650). I am assuming the current value is greater than the non-deductible contributions. If you convert the entire balance, the taxable amount is: TIRA value - $9,650. If the entire amount isn't converted, the taxable amount is:TIRA value - $9,650------------------- X Conversion amountTIRA value
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