- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Your Roth IRA should be a separate account. Your 401k rollovers are in the traditional IRA account. You cannot "backdoor" the 401k rollovers- if you want them switched to Roth IRA you can do so, but you will have to pay the taxes.
The nondeductible traditional IRA contributions are taxed funds, they only get the tax treatment if you deduct the contributions. The 401k funds, however are pre-tax so there is no "backdoor" option.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 30, 2021
5:23 PM