What happens when you convert an IRA to a Roth IRA?

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What happens when you convert an IRA to a Roth IRA?
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You'll pay taxes now but have a tax-free account for later.

Karin Price Mueller | NJMoneyHelp.com for NJ.com

Q. After a Roth conversation, how do you calculate the five-year holding period? When does the holding period start and end? And if you make other conversions to a Roth IRA, do you start a new five-year period or does first transaction cover later conversions?Note to readers: if you purchase something through one of our affiliate links we may earn a commission.

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