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wallace '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

wallace '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 205,000which includes $36,575 in nondeductable contributions. How much of the conversion will be subject to tax?(1) $0.(2) 36,575.(3)168,425.(4) 205,000

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