Roth ira backdoor

Sureshve — Tue, 24 Feb 2026 04:06:42 GMT

Hi,

I am 40 years old and above the income limit for traditional ira. I contributed a total of 16k over last few years to traditional (including 6k in 2022 which I did on 4/15/23).my basis is close to 15k and all the money is post tax. I want to do a backdoor conversion to roth. Can I do all the money in one go or limited to only doing the 6k which I transferred this year

Considering I dont have much gains will i need to pay taxes on this conversion?

Thx

Re: Roth ira backdoor

Opus 17 — Sun, 23 Apr 2023 13:58:15 GMT

A back door Roth IRA conversion is a special kind of IRA rollover. There is no dollar limit to a rollover, rollovers are not contributions and are not governed by the same rules. You may rollover the entire IRA balance to a Roth IRA if you choose.

If your current balance is $16,000 and your nondeductible basis is $15,000, only the $1000 difference will be taxable.

topic Roth ira backdoor in Retirement tax questions

Roth ira backdoor

Re: Roth ira backdoor