topic Is there a limit to how many times I can convert traditional IRA to Roth IRA? in Get your taxes done using TurboTax

Is there a limit to how many times I can convert traditional IRA to Roth IRA?

tpt33 — Fri, 04 Aug 2023 19:11:38 GMT

I recently had a 401K rollover done into my traditional IRA. I then converted that amount into my Roth IRA last week. Upon checking my traditional IRA today, I see that the money had gained some interest in my traditional IRA before I converted it. Am I allowed to convert this money to my Roth IRA without any penalties?

Thank you.

Re: Is there a limit to how many times I can convert traditional IRA to Roth IRA?

dmertz — Fri, 04 Aug 2023 20:12:06 GMT

There are no limits on the frequency or amounts of Roth conversions. All of the Roth conversions that you do from a particular traditional IRA will be combined on a single Form 1099-R (except in the case where you reach age 59½ between the conversions and the codes in box 7 of the Forms 1099-R will need to be different due to the difference in your age at the time of the conversion).

Re: Is there a limit to how many times I can convert traditional IRA to Roth IRA?

fanfare — Fri, 04 Aug 2023 21:21:03 GMT

to convert it all, tell the custodian, all shares, not a specific dollar amount.

@tpt33