DoubleDown
Dryer sheet aficionado
- Joined
- May 7, 2007
- Messages
- 31
Simple IRA conversion question that I can't find the answer to...
I contribute $100 into a traditional non deductible IRA and buy a stock. Over the years the stock price stays exactly the same but I reinvest $10 into the account through dividend reinvestment. Come 2010 and I want to convert this to a Roth IRA...what is my cost basis ($100 or $110)? Thanks.
I contribute $100 into a traditional non deductible IRA and buy a stock. Over the years the stock price stays exactly the same but I reinvest $10 into the account through dividend reinvestment. Come 2010 and I want to convert this to a Roth IRA...what is my cost basis ($100 or $110)? Thanks.