Question: Wayne's income is too high to make contributions to a Roth IRA. He would like to convert his traditional IRA to a Roth IRA. His

Wayne's income is too high to make contributions to a Roth IRA. He would like to convert his traditional IRA to a Roth IRA. His current balance is

$200,000

, which includes

$32,570

in nondeductible contributions. How much of the conversion will be subject to tax?\

$0

\

$32,570

\

$167,430

\

$200,000
Wayne's income is too high to make contributions to a Roth

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