I am new to investing and I converted my Traditional IRA to a ROTH. Do I have to pay taxes on the amount it increased or on the total value? Please advise. Thank you in advance.

A young investor.

Anthony

If you converted your traditional ira to a Roth IRA prior to Dec 31, 1998, assuming your adjusted gross income allowed you to do so, your taxable portion is the difference between the value at conversion minus your basis in the traditional IRA and can be spread over 4 years if you opt to do so.