@Critter-3 @dmertz
Another question: I have $100 traditional IRA non-deductible contribution for year 2020 in another traditional IRA account, no trading activities, the balance is $100.07 now (7 cents coming from interest). I should not open that tradtional IRA account, I was thinking about backdoor Roth IRA then. But eventually, I opened another set of IRAs with a different broker (in this original post), and making backdoor conversion here.
Can I also do backdoor conversion for the $100.07? I have Roth IRA in the other broker too. Two Roth IRAs and two traditional IRAs.
So if converting those $100.07, then for year 2022:
Contribute $4500 to Roth
Contribute $1500 to Traditional IRA
$1600.07 backdoor Roth conversion
Is that okay? Or I can leave $100.07 alone forever, or do it in another year. I am absolutely fine to keep $100.07 there, in the future, I will need to deal with backdoor conversion at some point, if have good capital gain from stock market and make me not able for Roth contribution.
Thanks.
