turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kam1
New Member

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

Would I need to limit the amount of the conversion, so I could be claimed my mother.  Would we both need to file
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

You can convert  (but not contribute) any time, but it is taxable. For Federal, your Mom can still claim you if your total income is less than $4,050 assuming the other dependent requirements are met. State taxes may be different.

Your situation may be different if you are a full time college student under age 24 at 12/31/2017. 

View solution in original post

11 Replies

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

You can convert  (but not contribute) any time, but it is taxable. For Federal, your Mom can still claim you if your total income is less than $4,050 assuming the other dependent requirements are met. State taxes may be different.

Your situation may be different if you are a full time college student under age 24 at 12/31/2017. 

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

Three years ago, you asked about a dependent of your own. Is that still the case?  You cannot be Mom's dependent and still claim your own dependent.
kam1
New Member

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

I don't remember asking about my dependent. I have no dependents.  I am my parent's dependent.
kam1
New Member

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

If I convert the 4050, would I need to file or would mom just file with me as dependent

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

Do you have any other type of 2017 income, such as unemployment comp? What is you resident state?
kam1
New Member

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

I have no other income and I live in IL

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

Hal_Al
Level 15

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

If you want to be your mom's dependent, you cannot convert more than $4049.
kam1
New Member

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

if I do the conversion and then my mother claims me as a dependent, do I still need to file my own taxes as well as be claimed on hers
Hal_Al
Level 15

Can I convert money from a traditional IRA to a Roth IRA if I did not work this year? can I still be claimed as an adult dependent by my mother?

Yes, you will have to file a tax return, for the conversion, even though you are claimed as a dependent, on someone else's return. You will pay about $300 federal income tax on $4049 conversion

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question