多谢了先。
Here is what I did:
1) Opened a new traditional IRA with fidelity and funded $12000.
2) Opened a new Roth IRA with fidelity
3) Transfter from Traditional to Roth IRA, it says "you have to pay taxes" for the transfer. I just want to confirm, we need not pay any tax, we just need report this transfter in tax filing, right?