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Does a Roth IRA conversion count towards income limits for Roth IRA contributions? Can I contribute to Roth IRA if the conversion results in income being more than $144K?
I would like to convert from a traditional IRA to a roth IRA and contribute to the roth IRA in 2022. If my income is less than the roth IRA income contribution limits, but the conversion adds to that and puts me over (>$144K) does that mean I can't contribute to the roth IRA or is the additional taxable income from the conversion not relevant for a roth IRA contribution.
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‎January 23, 2022
8:15 PM