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Back-door Roth Conversion - 1 cent left in Traditional IRA
Hi there,
1. On 12/26, I funded my Traditional IRA .
2. Also on 12/26, I request to fully convert it to my Roth IRA.
3. The conversion was done on 12/29 (only 1 business day).
4. Today (12/30), I found 1 cent in the Traditional IRA.
I have submitted another request to convert the 1 cent to the Roth again. Hopefully they can have it done tomorrow.
If not, do I still need to do the pro-rata tax calculation or 1 cent would just be omitted by both my broker and IRS?
Thank you very much for taking a look at my stupid question!
Topics:
a week ago