Yes, thanks for the note. My intention was to have taxes withheld from the conversion, and according to Vanguard, I had to sell shares and then convert with withholding from the settlement fund. Well, that didn't work so I learned a lesson, there. Next time I'm doing a straight conversion.+1.The transactions take time. The funds earned interest while passing through the Roth settlement fund on their way to the final destination, which paid back into settlement fund. This is a best guess. However, in the future you can avoid this by not selling prior to conversion. You can do a conversion within the original mutual fund container.
I found your initial selling into the settlement fund in your tIRA to be an odd way to do a rIRA conversion. The above technique will serve you better in the future.
Statistics: Posted by meowcat — Mon Jun 10, 2024 4:59 am — Replies 8 — Views 644