Skip to main content
Level 1
April 2, 2025
Question

Conversion to Roth ira

  • April 2, 2025
  • 1 reply
  • 3 views

I contributed to my traditional non deductible Ira for 2014 in January 2025. Can I convert this to my 2024 Roth IRA?

1 reply

Level 15
April 3, 2025

If you are eligible to contribute to a Roth IRA for 2024 and you haven't filed your tax return yet, you can re-charachterize your Traditional IRA contribution to a Roth IRA contribution by contacting your broker.  You can always to a Roth Conversion, also known as a backdoor Roth.  For more information see:  How do I enter a backdoor Roth IRA conversion? 

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"