A hypothetical question. In my IRA, I have shares of a delisted stock with a market value of $0.00 per the broker.
If I transfer 100 of these shares from my IRA to my Roth IRA, it would appear the value of the Roth conversion would be reported as $0.00 on Form 1099-R as per the market value rule.
Is this a correct interpretation?
What would happen taxwise if the 100 shares in the Roth IRA is now worth $10 a share?
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