If I contribute to an IRA that is non-deductible, I can then roll that over to a ROTH and pay no additional tax, assuming that there is no gain.
I am assuming that I can do this until April 15 for the year previous. Example I can make this effective for the 2014 tax year until 4/15/2015.
Are there annotations that have to be made on form 1040 in order to do this. If so it seems like I would have to wait until I know the exact amount I can dedicate to this prior to filing.
Sorry this is my first year that I might do such.
Added in the faint hope that the OP might clarify matters a little
I might or I might not have other Traditional IRA accounts with the same IRA custodian. Will this change the answers? What if all my other Traditional IRA accounts are with other custodians_? Will this change the answers?