- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Fyi.. going forward it would be wise if you're going to continue this back door Roth conversions that you have it in an account that makes no money. Leave it in cash so that you don't have it earning a few pennies from the day you make the original contribution to the date that you make the conversion. It's basically not worth the effort to fill in the form 8606 for the couple of dollars of interest or dividends that the account makes. It's just a cleaner way to handle things not that you can't do it that way it's just easier to leave it in a non-interest bearing situation.
‎December 26, 2023
10:16 AM