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Hi, I moved 6500 dollars to my Traditional IRA so that i could do a Roth conversion as I am not eligible for a traditional IRA.
Hi,
I moved 6500 to my Traditional IRA so that i could do a Roth conversion as I am not eligible for a traditional IRA. VAnguard did not allow me to convert the money to Roth till yesterday saying that there is no money to move although there was a balance shown in my IRA. Today morning i see a total amount of 6500.88 in my account, probably with one day's interest added. Now that the limit for Roth is 6500 only, what do i do with this 0.88? System does not allow me to withdraw it as it is less than 1 dollar and i don't think i can move it to Roth because of the yearly limits. How do i avoid any issue with tax or any complication in handling it?
Thanks,
I moved 6500 to my Traditional IRA so that i could do a Roth conversion as I am not eligible for a traditional IRA. VAnguard did not allow me to convert the money to Roth till yesterday saying that there is no money to move although there was a balance shown in my IRA. Today morning i see a total amount of 6500.88 in my account, probably with one day's interest added. Now that the limit for Roth is 6500 only, what do i do with this 0.88? System does not allow me to withdraw it as it is less than 1 dollar and i don't think i can move it to Roth because of the yearly limits. How do i avoid any issue with tax or any complication in handling it?
Thanks,
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‎February 1, 2023
6:18 AM