Hello. I requested to convert my entire traditional IRA to a Roth IRA (aka backdoor Roth). Because of a delay in processing, after the conversion there was $0.20 left in my traditional IRA. I believe $0.20 was interest that accumulated between time of request, and time of processing.
There are no "harmful tax implications" doing a second Roth Conversion for the remaining $0.20 correct? I have read there are no limits in the number of times one can do a Roth Conversion per year, nor any waiting periods in between conversions. Note I did not withhold any tax using traditional IRA funds for the first conversion, and do not plan to for the second.
Additionally, because I had a mix of deductible and non-deductible contributions in the traditional IRA, I believe it would also simplify tax return calculations if I convert the $0.20, rather than leaving it.
If there is anything I am overlooking please let me know. Thank you.
