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Yes. It is a pro-ration on the cost basis. From what I understood, I would continue to be taxed yearly until there was no longer a second IRA even if I made no further conversions.

"Cost basis" is where I think I had stumbled. I guess the problem should not apply to me as both my IRA's have only nondeductible contributions made to them.

Thank you for the question! -IMBonzi
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