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Financial Planning / Tax Strategies


Subject:  Roth Conversion Date:  1/25/2022  8:36 AM
Author:  Moooohead Number:  133527 of 134746


I am looking for the correct information on Roth conversions. What I am trying to figure out is how to calculate the dollar amount when I convert for tax purposes.

Lets say I convert a stock today (30 shares) from a traditional IRA to my Roth IRA. Is this priced at the time I convert or at the end of the day. My broker is telling me its the end of the day which I thought was incorrect. Maybe for a mutual fund it's the end of the day.

Secondly, if it is in fact the price at the time I convert is there a way to find at which price I converted so I can calculate the amount to document it for tax purposes. My history in my Roth account only shows the conversion of shares.

Thank you!

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