SteamTrain
Level 15
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Get your taxes done using TurboTax

You should be OK with that.

 

 The conversion from a traditional IRA to a Roth IRA is NOT considered a contribution....but the conversion does add to your taxable income   (unless some portion of the traditional IRA contributions were not deductible).   Thus, some folks do the conversions over a couple years to keep taxes down.

 

In case it matters, remember that you do normally need working income (W-2 wages or self-employed profit) in order to make the Roth IRA contribution itself.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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