Skip to main content
Search type Search syntax
Tags [tag]
Exact "words here"
Author user:1234
user:me (yours)
Score score:3 (3+)
score:0 (none)
Answers answers:3 (3+)
answers:0 (none)
isaccepted:yes
hasaccepted:no
inquestion:1234
Views views:250
Code code:"if (foo != bar)"
Sections title:apples
body:"apples oranges"
URL url:"*.example.com"
Saves in:saves
Status closed:yes
duplicate:no
migrated:no
wiki:no
Types is:question
is:answer
Exclude -[tag]
-apples
For more details on advanced search visit our help page
Results tagged with
Search options answers only not deleted user 44366

A Roth conversion refers to taking all or part of the balance of an existing traditional IRA and moving it into a Roth IRA.

0 votes

Mega Backdoor Roth: Withdrawal consequences for in-plan vs out-of-plan conversion

Your plan makes sense as long as the money in the Roth 401K is indeed eligible for immediate withdrawal. If at all possible, do the conversion immediately so you don't have to fool around with acc …
Harper - Reinstate Monica's user avatar
3 votes

How to use a business loss to convert a traditional to a Roth IRA?

Nope. Rolling over an IRA from trad to Roth counts as an IRA distribution. IRA distributions are not capital gains and are taxed as salary income at salary rates. Totally separate from that is your …
Harper - Reinstate Monica's user avatar
2 votes

Can you fix a rollover that went into a Roth IRA and put it into a regular IRA?

Maybe. The deadline to recharacterize an IRA or Roth contribution (to the other) is October 15 if you filed your 2018 taxes by April 15. You would amend your taxes with a 1040X. But I wouldn't be …
Harper - Reinstate Monica's user avatar
1 vote

Tax on IRA and 401K to Roth conversion

The first rule of taxation is you don't have to pay tax twice on the same money. Unfortunately the first rule of Roth conversions is that you don't get to select which part of your IRA converts. For …
Harper - Reinstate Monica's user avatar
2 votes

Traditional IRA Conversion to Roth IRA (Should I do it or not)

Roth Conversion is a great thing to do in "gap years" or soon after you retire. The math whizzes will tell you it's exactly the same to stay in the IRA or switch to the Roth, except for the lousy tax …
Harper - Reinstate Monica's user avatar