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Retirement tax questions
Hi--what about a REVERSE IRA rollover (traditional IRA into employer 401k plan)? If I move ALL traditional IRA assets into employer 401k in July 2019, such that my IRA balance then falls to zero, can I then--also in 2019--do the backdoor Roth conversion (i.e., make a $6k non-deductible IRA contribution and then, sometime thereafter, convert to Roth)? My traditional IRA balance would of course be $0 at year-end 2019, but does the fact that I began 2019 with a large balance matter? Do I need to wait until 2020 to execute my first backdoor Roth conversion? Any help MOST appreciated--thank you.
‎July 11, 2019
8:56 AM