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Roth 401k to Roth IRA, can I do $6000 Backdoor Roth the same year?

I left my employer in 2022Q1. My company 401k balance is purely Roth 401k, no traditional 401k (no company match at all). I have initiated a transfer from my company Roth 401k to my personal Roth IRA.

 

After this, I am wondering, can I do a $6000 backdoor Roth in 2022, the same year? I have zero balance in my traditional IRA account.

 

Thank you.

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1 Best answer

Accepted Solutions
dmertz
Level 15

Roth 401k to Roth IRA, can I do $6000 Backdoor Roth the same year?

A Roth 401(k) to Roth IRA rollover has no bearing on your eligibility to make a traditional IRA contribution.  A rollover is not a new, regular contribution to the Roth IRA.

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4 Replies
JohnB5677
Expert Alumni

Roth 401k to Roth IRA, can I do $6000 Backdoor Roth the same year?

Generally, reimbursed non-entertainment-related meal expenses are deductible if your business trip is overnight or long enough that you need to stop for substantial sleep or rest to properly perform your duties. You can figure all your travel meal expenses using either of the following methods:

  • Actual cost. If you use this method, you must keep records of your actual cost.
  • The standard meal allowance, which is the federal meals and incidental expense (M&IE) per diem rate. The GSA website lists these rates by location. Note that lower rates apply for the first and last days of travel.

Please see:  IRS non-entertainment-related meal expenses


 

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dmertz
Level 15

Roth 401k to Roth IRA, can I do $6000 Backdoor Roth the same year?

A Roth 401(k) to Roth IRA rollover has no bearing on your eligibility to make a traditional IRA contribution.  A rollover is not a new, regular contribution to the Roth IRA.

Roth 401k to Roth IRA, can I do $6000 Backdoor Roth the same year?

???

Roth 401k to Roth IRA, can I do $6000 Backdoor Roth the same year?

Thank you.

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