- I have 401k from my previous employer, and i have left the job on Aug 2016, and as today I want to rollover my 401k to my traditional IRA then convert traditional IRA into Roth IRA, I did aware that converting from traditional into Roth is a tax event; the question was if I complete these processes before April 15. 2017, on which tax year return I will be taxed on for this rollover? 2016 or 2017?
- another question, I made less than $27,000 in 2016, will be filing as Head of Household. Would i still be able to put $ 5,500 into my roth IRA account and the whole 401k rollover I will be doing from my first question will not have effect on that right ?
