Skip to main content
Level 1
Jun 7, 2019 10:20 PM UTC
Question

Backdoor roth ira conversion limits

Am I right in understanding that for contribution to a Roth IRA, filing jointly, both spouses' income will be combined and considered for whether they can contribute.  However, for conversion through the backdoor, each spouse's existing traditional + simple IRA will be considered for tax purpose separately?  I.e., if tax needs to be paid on the conversion for the wife, it only takes into account whether that her traditional/simple IRA has existing value, not the husband's?  thanks.

    1 reply

    Critter
    Level 15
    Jun 7, 2019 10:20 PM UTC

    You are quoting the rules exactly.