I have a traditional IRA that I have contributed the max to in 2018 & 2019. I am covered by an employer-sponsored plan, and all contributions have been after-tax. I am 50+, so the total after-tax is $13,500. The current balance is ~$15,500. I opened a Roth. I want to roll the entire balance in my traditional IRA into the Roth. I have some questions I hoping to get some help with: 1) Is there any limit on the amount I can roll over at one time? 2) I’ll only pay tax on the excess of my after-tax contributions, i.e. ~$2,000? 3) I make monthly contributions to my traditional IRA. Can I roll over quarterly or semi-annually, given there doesn’t appear to be any clear IRS guidelines on this?
Thank you!
