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markallisonmc
Returning Member

Can I use converted IRA to Roth funds as 2018 income if I just did it prior to April 15?

Also I converted $10,000 - am I correct that this does not affect my 6,500 dollar contribution limit to Roth?

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1 Reply

Can I use converted IRA to Roth funds as 2018 income if I just did it prior to April 15?

That is correct it does not affect the contribution amount..  Any conversion done in 2019 is 2019 income reported next year on your 2019 tax return.

**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.**
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