Question: In 2 0 2 0 , Maxim converted $ 6 , 5 0 0 from his traditional IRA to a Roth IRA. He included the

In 2020, Maxim converted $6,500 from his traditional IRA to a Roth IRA. He included the entire $6,500 in his incfome in the year of the conversion. In 2023, when the value of the Roth IRA had grown to $7,000, Maxim, then age 60, he withdrew the entire balance. What is the tax treatment of this distributions?

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