@guendjoh wrote:
Thanks for your prompt response. I understand about the back-door vs standard conversion. I did roll it before the 60-days was up. I read that the 5-year rule applies specifically to investment earnings. So if my ROTH account sits as cash right now does it exclude it from the 5-yr rule? Thanks again for your help.
As I said above: "The 1099-R for the Roth distribution can be subject to tax and penalty if any earnings were distributed before the 5 year waiting period was over..."
In your case, since the amount distributed was less than the amount converted then there will be no tax.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
