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Sep 8, 2020
kolob32 All-American
Back door Roth IRAs- I've been thinking of doing this. I read somewhere that
when the traditional ira is converted that taxes are owed pro-rata and any IRA account you have will be taxed pro-rata? Can someone confirm this?

I am just wanting to do the max ira contribution $6k for me and my wife. I have about 200k in an IRA. How would taxes impact that?

I read if you roll your IRA to your 401k, then there are no pro-rata taxes that would impact your IRA. Is that correct?
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Nov 27, 2013
Last login
Oct 26, 2020
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4,295 (48 FO)
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