Roth IRA conversion affect IRA contribution eligibility

[tsganapathie]

Married filing jointly. I converted my funds in traditional IRA to Roth IRA this year which bumped up the taxable income to over $208,000. Will this affect my contribution to Roth IRA eligibility? Will I be able to still contribute $6000 to Roth IRA this year?

[dmertz]

No.  In calculating your modified AGI for the purpose of the limitation on Roth IRA contributions, the amount of your Roth conversion and taxable rollovers from qualified retirement plans to a Roth IRA are subtracted out.  However, taxable In-plan Roth Rollovers from the traditional account in a qualified retirement plan like a 401(k) to the Roth account in that same plan are not subtracted out.