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Get your taxes done using TurboTax
Yes. A backdoor Roth is not in the tax language at all even though the term has been created due to the income limits for contributing to a Roth IRA. Anyone can convert their eligible IRA assets to a Roth IRA regardless of income or marital status. The tax law hasn't caught up but they may in the future.
To contribute directly to a Roth IRA you would not be allowed.
- You can't make a Roth IRA contribution if your modified AGI is $144,000 or more. Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than zero. You can't make a Roth IRA contribution if your modified AGI is $10,000 or more.
- IRS Publication 590a
- IRA Rollover Chart
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March 9, 2022
1:37 PM