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

[tpt33]

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.

[dmertz · Accepted solution]

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).

[fanfare]

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

@tpt33