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Get your taxes done using TurboTax
TT says "There is almost always a time limit of 60 days to complete a conversion or rollover, with large penalties if the limit is not met." He Rolled his 401K into a Traditional IRA in July of 2020. Does that mean it is too late to convert that account created last year into a Roth IRA without paying significant penalties?
‎April 27, 2021
4:23 PM