Similiar situation happened to me. I contributed $6500 into my 2023 Trad IRA back in Feb 2023, and two weeks later I completed the Conversion to my Roth IRA. Simple process.....However, my wife didn't listen when I told her to Transfer all $6500 into her 2023 Traditional IRA so that I could Convert it to her 2023 Roth IRA. Instead, she delayed until Dec 30th, and the Conversion wasn't completed until Jan 4, 2024.
So what happens now?
Can my wife contribute at all this year (2024) to her Trad IRA? $7000.
I've already contributed $7000 to my Trad IRA and will soon start the Conversion process to my Roth IRA this week. I just don't know if my wife can contribute to any type IRA this year.
Thanks.
