The roth-conversion tag has no wiki summary.
4
votes
2answers
140 views
What are the disadvantages of a backdoor versus conventional Roth IRA contribution?
My income is close to the Roth IRA limit. I like to do my IRA contributions early in the year, before I know exactly how much I will make due to bonuses and such. So I am thinking about doing a ...
2
votes
1answer
84 views
Can I convert a traditional IRA to ROTH pre April 2013 and have it matter for 2012
I believe there is opportunity to contribute to an IRA up to April 2013 and have it count on tax year 2012. It wasn't clear from this question, so I'd like to ask specifically if it is possible to ...
1
vote
1answer
218 views
Need help with completing a backdoor Roth IRA conversion
I am in need of some advice regarding IRA's, IRS income limits, IRA conversions, etc. Here's the points pertinent to my situation:
My wife and I got married this year and will be filing 2012 tax ...
1
vote
0answers
103 views
How is Deferred IRA Roth Conversion taxed when moving to a new state?
I converted my traditional IRA to a Roth IRA in 2010 and deferred the taxes to 2011 and 2012 while living in California. I then moved to North Carolina in 2011 mid-year. I found the answer for ...
2
votes
1answer
63 views
Does a rollover IRA impact your basis for converting a traditional to Roth?
In the United States, does having a rollover IRA impact your basis for converting a traditional to Roth? I ask because I have a 401(k) with a former employer than I could rollover to an IRA and get ...
2
votes
2answers
63 views
How to allocate Roth conversion income across states when moved during year?
In 2010, I converted a traditional IRA to a Roth IRA while a California resident and elected to take the income half in 2011 and half in 2012.
During 2011, I moved to North Carolina in the middle of ...
1
vote
3answers
96 views
Restrictions or impact on Roth IRA when reaching MAGI threshold?
If I started a Roth IRA in 2011, but start contributing to a Roth 401k and reach the MAGI threshold for additional contributions in 2012 to my Roth IRA, will I eventually be able to move my 401k Roth ...
2
votes
2answers
243 views
How do I recharacterize Traditional IRA contribution to Roth that was converted to Roth?
What forms do I fill out for my broker to recharacterize my 2010 Traditional IRA contribution that was in my traditional IRA that I completely converted to a Roth IRA in 2010 right after the above ...
5
votes
1answer
101 views
Avoiding ammending taxes for forthcoming 1099-R for 2011 when filing 2010 for IRA
I over contributed to my traditional IRA last year. This was then converted along with all my traditional IRAs into Roth IRAs in 2010. Then in 2011, I recharacterized the excess and earnings from Roth ...
2
votes
1answer
270 views
What do I do with excess contribution to traditional IRA that was converted to a Roth IRA?
I accidentally over contributed $25 to my traditional IRA last year giving a total non-deductible contribution of $5025. This was then converted along with all my traditional IRAs into Roth IRAs in ...
